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  • junkmail5 Jan 15, 8:03 a.m.

    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.

  • DontVote4LiarsCheatsOrThieves Jan 14, 7:59 p.m.

    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.

  • Crayzee1 Jan 14, 7:58 p.m.

    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?

  • pipcolt Jan 14, 7:54 p.m.

    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.

  • mep Jan 14, 7:51 p.m.

    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.

  • junkmail5 Jan 14, 7:51 p.m.

    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.

  • mep Jan 14, 7:47 p.m.

    "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!

  • junkmail5 Jan 14, 7:47 p.m.

    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.

  • Crayzee1 Jan 14, 7:46 p.m.

    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.

  • junkmail5 Jan 14, 7:45 p.m.

    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.

  • ConservativeVoter Jan 14, 7:44 p.m.

    The Republicans have no choice.

    Obama won't cut government spending unless he's forced to.

  • ConservativeVoter Jan 14, 7:44 p.m.

    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.

  • Crayzee1 Jan 14, 7:42 p.m.

    Anything from the treasury dept website is pure and utter propaganda. It does help point out the fact if we have to borrow money in two years for spending we planned on last year, we have a huge spending problem. Again, leave the debt ceiling alone, massively cut government spending and pay the bills we have the tax revenue for. Simple, and honest.

  • luvbailey Jan 14, 7:42 p.m.

    United States of Freeloaders. If your not paying income tax, then you are a FREELOADER!-redwolfone

    So millions of active duty military and retired elderly are freeloaders?
    junkmail5

    You imply that all active duty military and retired elderly pay no tax. Why would you make such a suggestion? For the record my parents paid a modest amount of income taxes each year because they earned very modest incomes. Late in life, my mom paid no income tax because she had no taxable income. Yep, she was a freeloader.

  • Crayzee1 Jan 14, 7:39 p.m.

    no it's not. If we only spend what we take in from taxes, and then pay down the debt we have already amassed, then we do not need to raise the debt ceiling period. Why, if we only spend tax revenue and not a penny more would we have to borrow more. It makes zero sense and shows that basic finance is not a strong suit of some.

  • heat764 Jan 14, 7:39 p.m.

    Youre getting lonely in the big house because you suck and no one wants to hang out with you!

  • luvbailey Jan 14, 7:38 p.m.

    Here's the simple truth: Obama says he is willing to "have a conversation" about ways to reduce the deficit. This "conversation" would have to be apart from the raising the debt ceiling. But the problem is, all it would be on his end is a conversation. There would be no enactment of cuts. So holding this over his head is the last weapon republicans have, since they caved in on the tax rates / sequester.

  • mep Jan 14, 7:38 p.m.

    So millions of active duty military and retired elderly are freeloaders?
    junkmail5

    Gosh... when I served in the Military, I paid Federal taxes... and I know of millions of retirees that a far wealthier than I'll ever hope to be. Why shouldnt they pay taxes too? Retired does not equal poor.

    And yes the debt limit does not in and of itself "authorize" more spending... but it does in fact open that up. Its like the credit card company increasing your credit line.... sure, you dont have to spend up to the limit, but as history shows, the Obama administration has no problem spending over a TRILLION dollars per year on the nations credit card.... why up the limit, when they can cut spending? Or perhaps, for every dollar the debt limit is increased, two are cut from the budget?

  • packfan1752 Jan 14, 7:37 p.m.

    for every 1$ increase, 42$ is spent. They call that a spending cut because its less than it was before. SMH!

  • SARCASTICLES Jan 14, 7:36 p.m.

    I seen on the internet that Obama has his secret gun-snatchers out in force reading the comments on stories like this one, and the people who think he'll snatch their guns will be first in line to have their guns snatched.......it's gotta be true, right?

  • packfan1752 Jan 14, 7:36 p.m.

    Obama, the most divisive president in history. Remember, its easier for him to push his liberal agenda when the majority of Americans hate the rich.

  • Axtel Jan 14, 7:23 p.m.

    I say let this administration dig it's own grave. This bickering is all just a waste of time.

  • junkmail5 Jan 14, 7:16 p.m.

    United States of Freeloaders. If your not paying income tax, then you are a FREELOADER!-redwolfone

    So millions of active duty military and retired elderly are freeloaders?

  • aspenstreet1717 Jan 14, 7:13 p.m.

    $1 in increase for $1 in spending cuts. Problem will solve itself over time.

  • redwolfone Jan 14, 7:11 p.m.

    United States of Freeloaders. If your not paying income tax, then you are a FREELOADER! Crash it! Hit the debit limit! It might teach us all a valuable lesson. Ya can't spend more than ya make!

  • redwolfone Jan 14, 7:09 p.m.

    I can't wait! Shut it down! Crash it and burn! If he does not want to sit down and talk, then DON'T!

  • paultaylorsr100 Jan 14, 7:07 p.m.

    Why don't we just do this thing like Pelosi said about the obama care, let's NOT pass it and then see what's in it or what happens??

  • highvolt1 Jan 14, 7:07 p.m.

    This great place we have known as the USA is DONE. Simply torn apart by Illegals, Freeloaders, Liberals, Government Dependants,& the Government Itself.

  • junkmail5 Jan 14, 7:06 p.m.

    The debt ceiling is related to spending amd the budget. It's because we have to borrow .40 of every $1 to bill the bills. We have borrowed all we can. If we stopped borrowing that .40 of every dollar, then we wouldn't need to raise the debt ceiling. WHICH would mean massive cuts to government spending. It's pretty simple and suggesting otherwise indicates flawed knowlodge or too much koolaid.
    Crayzee1

    No, quite the opposite in fact.

    The debt ceiling is about PAST spending commitments, not future ones.

    But don't take my word for it, here's the US Treasury-

    http://www.treasury.gov/initiatives/pages/debtlimit.aspx

    " The debt limit does not authorize new spending commitments. It simply allows the government to finance existing legal obligations that Congresses and presidents of both parties have made in the past."

    junkmail, The problem with your thinking---We have to cut past spending too.
    Danny22

    Awesome! Where did you park the time machine??

  • Made In USA Jan 14, 7:01 p.m.

    I knew we were in trouble with this president when he mastered his "Cash For Clunkers" program. What a total WASTE of taxpayers money that was. Sad thing is... he was just getting started to breaking the country.

  • Made In USA Jan 14, 6:57 p.m.

    So Obama, you're going to target those that have EARNED their rewards such as social security and serving our country. Yet, you won't touch those that sit on their hands and wait for their FREE money. What a lousy President.

  • Crayzee1 Jan 14, 6:57 p.m.

    The debt ceiling is related to spending amd the budget. It's because we have to borrow .40 of every $1 to bill the bills. We have borrowed all we can. If we stopped borrowing that .40 of every dollar, then we wouldn't need to raise the debt ceiling. WHICH would mean massive cuts to government spending. It's pretty simple and suggesting otherwise indicates flawed knowlodge or too much koolaid.

  • dontstopnow Jan 14, 6:55 p.m.

    He is getting everything he wanted and planned for and the voters that put him back in office can sit back and watch. Sometime, a house does have to fall on you to know it hurts. this might be one of those times.

  • Danny22 Jan 14, 6:50 p.m.

    junkmail,
    The problem with your thinking---We have to cut past spending too.

  • Danny22 Jan 14, 6:48 p.m.

    I thought obama said it was "unpatriotic" to raise the debt ceiling.

  • mrduffin Jan 14, 6:43 p.m.

    I don't even remember the last time obama acted like an American Patriot. All I can remember is him acting a small child and a wannabe dictator.

  • junkmail5 Jan 14, 6:39 p.m.

    This has nothing at all to do with "paying our bills" and everything to do with OUT OF CONTROL SPENDING OF MONEY WE DON'T HAVE. affirmativediversity

    Again- you are confusing two DIFFERENT issues.

    1) The debt ceiling. This must go up for us to meet obligations for spending we ALREADY undertook. In the past. As in before now. Failing to do this means we default on promises we ALREADY MADE on spending.

    2) FUTURE spending. This has NOTHING TO DO with the debt ceiling. It _absolutely_ needs to come down in a major way. But it is NOT the same issue. Or even directly related. We could balance the budget TOMORROW for FUTURE spending and it WOULD NOT FIX the debt ceiling issue because that is about PAST spending.

  • junkmail5 Jan 14, 6:37 p.m.

    Of course it's Bush's fault & the Republican's fault, but not Obama's problem. He's just been a poor victim for 4 years. More people on food stamps, higher unemployment, more underemployment.-stonespigot

    To be clear, it's BOTH their faults.

    It's dishonest to blame everything on Bush, but it's JUST as dishonest to blame everything on Obama.

    They've both (and the congresses serving with them) done awful jobs. They BOTH doubled the debt.

    FYI though Food stamp enrollment began to surge in 2001 under Bush, it simply continued a similar trend under Obama... likewise the recession began in 2007, and unemployment was climbing well before Obama too office either.

    He certainly could've done more to improve those faster, but he was by no means the _cause_ of any of them since he wasn't even in the white house when they began.

    Notice how its always Social Security, Medicare, and other programs -007 Bat

    because those are the majority of all federal spending. That's basic math.

  • outdoor592000 Jan 14, 6:26 p.m.

    Well done Nancy............that was the speech I had read somewhere, can you forward to the big O himself!!!!!!!!!

  • stonespigot Jan 14, 6:24 p.m.

    Of course it's Bush's fault & the Republican's fault, but not Obama's problem. He's just been a poor victim for 4 years. More people on food stamps, higher unemployment, more underemployment. Now higher taxes, higher debt, Benghazi. He's putting on a regular "how to clinic". And coming soon we get the government in charge of health care. Yes, the same people who deliver "world class service" at the DMV will soon serve it up in health care. The saddest thing about all this is a lot of the people who put him in office this time are going to suffer the most...and partner all I can say to you is ENJOY THOSE FOOD STAMPS!

  • The Yoda Jan 14, 6:15 p.m.

    Ever notice how all the little left-wing extremists have the same talking points? They get emailed out just before the Messiah makes another campaign speech. It doesn't matter if they don't have a clue what they are talking about, Obama tells them what to say and they all turn into obedient little parrots. Pitiful!

  • Nancy Jan 14, 6:15 p.m.

    He knows he is not a leader ...

    2006 "The fact that we're here today to debate raising America's debt limit is a sign of leadership failure. Leadership means 'The buck stops here.' Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better. I therefore intend to oppose the effort to increase America's debt limit."

    Senator Obama.

  • ncpilot2 Jan 14, 6:12 p.m.

    The Democrats AND Republicans absolutely love it when we play the blame game between the political parties. That way, the heat is off of the individuals WE elected to Congress.

    The fact is that ALL of Congress and the over-bloated bureaucracy is to blame and here we are, actually believing that one party will fix the problem. That will NEVER happen until we stop treating elections like team sports and vote for true statesmen who have the future of our children as their primary interest.

    I don't care what political party you belong to, if you think that $16 TRILLION dollars in debt is okay and it's okay to just spend even more, then you are as insane as Congress.

  • aspenstreet1717 Jan 14, 6:04 p.m.

    geosol, civics lesson. Congress passes the budget/spending bills NOT the president.

  • Plenty Coups Jan 14, 6:01 p.m.

    mitzi-"OBAMA in 4 years has spent more $$ than ALL, yes ALL PRESIDENTS including Bush COMBINED."

    Not true.

    "Or because he unconstitutionally forced HEALTHCARE on us? Wow...you people are amazing."

    The supreme court ruled it constitutional. What is amazing is your lack of accurate facts.

  • geosol Jan 14, 5:58 p.m.

    No one is paying any attention to the hypocritical little REPUBLICANS any more when they try to screech about the debt. They said NOTHING about it when GW Bush eliminated the surplus and turned it into the world's largest debt during his reign, and our new NC Governor, McPope, just gave his already rich staff a hefty PAY RAISE while claiming that "we need to control government spending". Sorry, nobody with a brain is paying any attention to the hypocritical right wing REPUBLICANS any more.

  • PanthersFan45 Jan 14, 5:57 p.m.

    Part of the problem is the unwillingness to make changes to the program. Keep on this path and there's just going to be more people recieving benefits (can you say babby boomers ?) than those paying in. It's been no secret costs will keep escalating, and raising the debt ceiling to keep paying for new retirees w/o a new revenue source won't cut it. Its simple math. If I were in my 20's (which I'm not) I would not even THINK about ever getting a SS Check from the government.

  • 007_Bat Jan 14, 5:53 p.m.

    Notice how its always Social Security, Medicare, and other programs that we the people have paid for all our working lives. Never have I heard a Demoncrat say federal works, senators, representatives, or cabinet members will not get paid. I think we are rapidly rushing toward more than a tea party rebellion in the USA. It's sad...

  • affirmativediversity Jan 14, 5:52 p.m.

    He should, this is an artificial problem created by the "republicans that no other president has faced. This isn't about spending, its about paying your bills." Plenty Coups

    UNC006-"Right- didn't then Senator Obama vote NOT to raise the debt limit in 2006?'

    It's still about paying your bills and not spending. Two different things. per Plenty Coup

    --------------------

    Really? You "pay your bills" by using a credit card? Just out of interest when you reach your credit card limit do you demand VISA or Master Card give you a limit increase too?

    This has nothing at all to do with "paying our bills" and everything to do with OUT OF CONTROL SPENDING OF MONEY WE DON'T HAVE.

    In other words time to trade that Ferrari you were talking about for a nice Ford Escort (they have about the same seating capacity).

  • junkmail5 Jan 14, 5:51 p.m.

    I am tired of this President using the SS, Military Personnel, and veteran checks as hostage! The budge should have been passed all ready! Not piecemeal!
    lwe1967

    and you're confused too....

    Budget is one issue.

    Debt limit is another, UNRELATED, issue.

    If we passed a budget tomorrow. One that cut spending across the board on EVERYTHING by roughly 30%... we'd have a totally balanced budget.

    And we would STILL default on our debt without raising the debt ceiling.

    Because the debt ceiling, unlike the budget is about PAST spending.

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