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Discuss: What Do You Think Of the Debt Ceiling Deal?

Add your thoughts to the discussion.

The House of Representatives passed legislation Monday night to raise the nation's debt ceiling while cutting federal spending by $2.1 trillion. The action came a day before the deadline to raise the ceiling and avoid defaulting on the national debt. The U.S. Senate is expected to pass the legislation Tuesday with President Obama signing the bill into law on Tuesday.

Patch wants to hear from you. What do you think of the deal to raise the debt ceiling? Share your thoughts in the comments section.

To read more on the debt ceiling deal, click here.

Bill August 11, 2011 at 01:51 AM
Well, then what were you saying? Very few people will cop to wanting to eliminate entitlement programs - that's why people have to create manufactured crises like the debt ceiling debacle in order to get rid of them. Worrying about fraud or a culture of welfare or the cost of these programs - without offering or asking for specific policy changes that would fix those issues yet keep the program itself intact - is basically just a way of politely saying that you don't want them around. Especially in light of your comments about how taxation is theft or about how millionaires are being "vilified," I find it really hard to believe that you were actually saying that you wanted to preserve the basic structure of our safety net but just with more fraud investigations or more work training. If I say, "X is unsustainable," and then you say, "But we need X because of blah" and then I say, "I never wanted to get rid of it - that's putting words in my mouth," - well, that doesn't sound very believable.
Pete August 11, 2011 at 02:00 AM
The Democrats just agreed (albeit reluctantly) to entitlement reform in the debt agreement. Why is modestly raising the tax rate on the highest earners and closing tax loopholes off the table? According to all published reports the self styled Tea party portion of the RepubliCANTS has declared this VERBOTEN.
Pete August 11, 2011 at 02:05 AM
You sound like a Know Nothing all right, and totally ignorant of history, and really, have not added anything to this debate. Once again, let's go to the facts: "The Know Nothing movement was a nativist American political movement of the 1840s and 1850s. It was empowered by popular fears that the country was being overwhelmed by German and Irish Catholic immigrants, who were often regarded as hostile to Anglo-Saxon Protestant values and controlled by the Pope in Rome. Mainly active from 1854 to 1856, it strove to curb immigration and naturalization, though its efforts met with little success. Membership was limited to Protestant males of British lineage over the age of 21. There were few prominent leaders, and the largely middle-class and entirely Protestant membership fragmented over the issue of slavery. The movement originated in New York in 1843 as the American Republican Party. It spread to other states as the Native American Party and became a national party in 1845. In 1855 it renamed itself the American Party.[1] The origin of the "Know Nothing" term was in the semi-secret organization of the party. When a member was asked about its activities, he was supposed to reply, "I know nothing."[2]" http://en.wikipedia.org/wiki/Know_Nothing
Pete August 11, 2011 at 02:48 AM
Tom: It offends my sense of justice that the current tax code is tilted so the rich pay a far lower percentage of their income than the poor. Again Buffet (legally) paid 17% that year - I'm guessing you paid a much higher percentage. Is that fair? It is not vilifing the rich to suggest rebalancing the scales a bit so that the gains that we make as a society are more evenly distributed to all its members. The rich are not villians to take advantage of all the legal deductions that exist; and it's equally not wrong for the rest of us to tinker with the rules and reduce inequality when we can. The only part I consider dishonest is that all this discussion of "overtaxing" is taking place in a context where the US tax rates are lower than they've been for 70 YEARS, and where we are among the lowest taxed of all modern democratic states. The uber rich have sold you a bill of goods in their determination to eliminate the social safety net and "starve the beast" of government. George W. Bush and Dick Cheney both declared that deficits don't matter. Why now, in the middle of a recession do they change their tune? Lying for political expediency is not a virtue either.
Pete August 11, 2011 at 02:51 AM
Well said, Bill.

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