It is not mathematically impossible. we spend 4 trillion we bring in 2.7 trillion. If we only spend 2.7 trillion, problem solved. See simple math. Why do you think that is impossible? Crayzee1

Mainly because of math.

Folks seem to mostly agree we won't touch social security, defense, or medicare/caid.

After those things, and interest on the debt, you have ALREADY spent about 2.7 trillion.

So you're out of money.

And haven't put a cent into the _entire rest of the federal government_

Including the various parts that collect quite a bit of that revenue you're counting on.

Including the FBI and CIA

Including the ATF to enforce gun laws everyone is so concerned with

Including the IRS so no income tax

Including all the highway and education funds states depend on

Including folks who inspect everything from meat to drugs to ports

Including benefits for retired veterans and federal employees

Including every bit of infrastructure and R&D support

And on and on- all gone.

mep - "Key point: CURRENT tax laws. Everyone agrees they are the lowest in history and need to be raised. Besides, military get all sorts of free housing and food to boot."

But they're required to live where they're required to live, and that often means paying out far more than they get.

It is not mathematically impossible. we spend 4 trillion we bring in 2.7 trillion. If we only spend 2.7 trillion, problem solved. See simple math. Why do you think that is impossible?

This country is being push closer to another 1776 as long as obama is in office. If you want one you keep messing with people money and there way of life. England tried the same thing and where did that get them.

But lots of active military don't earn enough to do so under current tax law.

Are they all freeloaders then?

Key point: CURRENT tax laws. Everyone agrees they are the lowest in history and need to be raised. Besides, military get all sorts of free housing and food to boot.

You are fundamentally wrong... the debt ceiling must be raised to continue current spending level.... it is the CURRENT spending that is resulting in the need to raise the limit. CUT SPENDING NOW. Go see the US debt clock website.

Social Security is paid from another fund and the President can't stop the SS checks if the government shuts down.

SS checks don't come from the general fund and budget.

One more lie from Obama. ConservativeVoter

Except it's not a lie.

Social Security revenue ends up in the general fund, in exchange IOUs are put in the SS trust fund.

To pay out SS benefits they have to cash in those IOUs.

If we hit the debt ceiling we can not PAY those IOUs anymore.

So no SS checks.

There's no special magic pile of SS cash sitting in a vault to pay those benefits.

"Combined with other bills he signed earlier in the term, he said he and Congress have reduced deficits by about $2.5 trillion over a decade, somewhat less than the $4 trillion he said is necessary to get them down to a manageable size".... So IF the Obama math is correct, Americans are now borrowing about $250 Billion less each year. But we still have to borrow about $800 BILLION just to keep the current spending. Does ANYONE ELSE see $4 trillion more in debt over the next 10 years, on top of our already staggering $16 TRILLION dollar debt as a SERIOUS PROBLEM???? I mean, not one dime is going towards paying down the debt.... we just dig deeper at a slower pace!

Anything from the treasury dept website is pure and utter propaganda-Crayzee1

Yeah, I mean, what would THEY know about how the financing of the federal government works!

Again, leave the debt ceiling alone, massively cut government spending and pay the bills we have the tax revenue for. Simple, and honest.- Crayzee1

And mathematically impossible.

You sure live up to your name though!

You imply that all active duty military and retired elderly pay no tax- Luvbailey

No, I don't.

I don't "imply" anything.

I -state- that millions of elderly and active military do not pay income tax.

Because they don't.

And redwolfone apparently thinks that makes all of them (and your mom late in life) freeloaders.

I hope the republicans do hold the debt ceiling and government defaults. Better file taxes fast! I think they should make obama make tough choices. Refuse to increase borrowing capacity unless we get $3 dollars in cuts for every $1 increase.

Gosh... when I served in the Military, I paid Federal taxes- Mep

Great for you!

But lots of active military don't earn enough to do so under current tax law.

Are they all freeloaders then?

Why shouldnt they pay taxes too? Retired does not equal poor.-Mep

It actually does for a lot of elderly, who have little to no income beyond the social security they earned in their working life- so they no longer pay income tax either.

Also freeloaders then?

Its like the credit card company increasing your credit line.... sure, you dont have to spend up to the limit- Mep

Except it's not like that AT ALL.

The debt limit is for paying spending ALREADY in place....not future "run up the cards" spending that hasn't been passed yet.

You are failing to understand, fundamentally, what you are talking about.

They CAN NOT avoid raising the debt ceiling with simple FUTURE spending cuts, that isn't what the debt ceiling has anything to do with.

No time machine=no fix with spending cuts.

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