General Discussion

DallasNE

(7,402 posts)

28. The History Of The Debt Ceiling

Sat Oct 12, 2013, 01:40 PM

Oct 2013

Isolationist Republicans rammed the bill through to limit the amount of war bonds President Wilson could issue to fight WW I. Following the war they decided to keep it in place and extend it to all spending. It was not need then and it is not needed now. Often an increase is attached to a budget to allow payment for the spending in the budget. It should be abolished as it serves no useful purpose. None.

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Highlight:

EW: "We're in this position for one reason, and one reason only ...." [View all] Scuba Oct 2013 OP

Kick for anything Elizabeth Warren. n/t Le Taz Hot Oct 2013 #1

We need some legislation that would make the debt ceiling treestar Oct 2013 #2

+1! nt sheshe2 Oct 2013 #4

The Debt Ceiling is another construct of Congress because they can't control their own spending. RC Oct 2013 #18

I agree, RC. n/t Uncle Joe Oct 2013 #19

Until Reagan Tripled the Debt, Congress and Presidents were staying somewhat in line. Tigress DEM Oct 2013 #20

Great graphic. Do you know the source? Scuba Oct 2013 #29

Made up a Tiny URL because it's buried deep in some financial section. Tigress DEM Oct 2013 #48

The History Of The Debt Ceiling DallasNE Oct 2013 #28

Yes. None except giving Republicans a leverage treestar Oct 2013 #36

If the Republican House carries through and runs out on the bill, by not raising the debt limit. Uncle Joe Oct 2013 #3

Well done, Uncle Joe! sheshe2 Oct 2013 #6

.. Uncle Joe Oct 2013 #11

Reasons Obama investigated this in 2011 and it didn't work then and won't now: freshwest Oct 2013 #15

The keyword in the 14th Amendment is the word "including." Uncle Joe Oct 2013 #17

Repeat and repeat! silverweb Oct 2013 #5

I want to support Elizabeth Warren...I really do... DissidentVoice Oct 2013 #7

Like Obama keeps quoting FDR, "That's a good idea, now make me do it" coldmountain Oct 2013 #12

I don't see why the "Blue Dogs" don't just become Republicans DissidentVoice Oct 2013 #26

teabag asshole vs "pro-life" D noiretextatique Oct 2013 #37

Let another Bush/Cheney in there and you will see the difference coldmountain Oct 2013 #43

I remember quite well DissidentVoice Oct 2013 #44

Lets run up a deficit by borrowing money for two useless wars and unneeded tax cuts for the wealthy Snake Plissken Oct 2013 #8

Nailed that one. Enthusiast Oct 2013 #21

I love her. Brigid Oct 2013 #9

Take a number! calimary Oct 2013 #10

Me too. Enthusiast Oct 2013 #22

When Elizabeth Warren speaks, I never feel alone. She speaks for me. mountain grammy Oct 2013 #13

The president could take lessons Jakes Progress Oct 2013 #14

It would be wonderful if the word "Republican" was in this sentence. Mass Oct 2013 #16

They hate her because she tells the truth! B Calm Oct 2013 #23

She's awesome. K&R nt TBF Oct 2013 #24

Dine and dash feeloading Republicans Yo_Mama_Been_Loggin Oct 2013 #25

voice of sanity heaven05 Oct 2013 #27

I think I have an idea why she is not interested in running for POTUS Brigid Oct 2013 #30

I don't buy that, as everything she says seems to be embraced by the People. Scuba Oct 2013 #31

Her words are devastatingly effective. ffr Oct 2013 #32

EW is moving up in 2016 polling. AtomicKitten Oct 2013 #33

I hate to say this, but she's wrong jmowreader Oct 2013 #34

actually...you proved her right! noiretextatique Oct 2013 #38

Remember Dick Cheney? DissidentVoice Oct 2013 #45

Well, not exactly. I think it's THIS *AND* THAT Tigress DEM Oct 2013 #49

This! Cali_Democrat Oct 2013 #35

K & R Scurrilous Oct 2013 #39

where can we get this image to link to? ut oh Oct 2013 #40

Boehner's Dine-and-Dash Congress! n/t backscatter712 Oct 2013 #41

Actually Elizabeth to be totally clear about it, the reason is RACISM. DeSwiss Oct 2013 #42

Liberty and freedom for SOME DissidentVoice Oct 2013 #46

Obama and Warren: One has timing, the other can lead. Eleanors38 Oct 2013 #47