How do you think the not raising the debt limit will affect our every day lives...

**pollypurebred39** · 07-26-2011, 12:02 AM

Umm..No. But then I'm not a fan of the other side either. So that leaves me with Mickey Mouse.

**frugalfranny** · 07-26-2011, 12:03 AM

Originally Posted by brennasmom

I heard on the news tonight that Obama is trying to push the fix into 2013 aka the next administration.

What? What news was this?

Wasn't what I heard...............they are arguing on what terms/time to put on the debt ceiling increase......some want only 6 months, so they can be doing this again real soon.......they must be having so much fun!!

**Palooka** · 07-26-2011, 12:16 AM

yea, that's sorta what I got from the speech.

**Nishu** · 07-26-2011, 09:47 AM

Originally Posted by brennasmom

I heard on the news tonight that Obama is trying to push the fix into 2013 aka the next administration.

Originally Posted by frugalfranny

What? What news was this?

Wasn't what I heard...............they are arguing on what terms/time to put on the debt ceiling increase......some want only 6 months, so they can be doing this again real soon.......they must be having so much fun!!

Several solutions have been proposed that would only last for a short time, like the end of the year. Obama has flat out rejected these plans because he says he doesn't want this to be an election fodder fiasco. When you think about it, it makes sense. You know that a lot of this fight is just silly political posturing. The debt ceiling has been raised many, many times before and I don't believe it's ever been this big of a drama fest. I think it is because of the closeness to elections combined with the configuration of the House/Senate/Whitehouse. (Rep/Dem/Dem)

If we push the debt ceilng up to last until the beginning of the next term, then things will definitely calm down and we can get work done without all the drama and our representatives will be less worried about the next elections.

IMO, if they're allowed to pass a short term solution that takes us right up into the middle of the next election year, it will be a disaster. We won't be able to have real dialogue about it and the issue will seem a lot more end-of-the-world urgent just because they'll want it to be. Don't let them manufacture emergencies!

**brennasmom** · 07-26-2011, 10:13 AM

Originally Posted by Palooka

Well, I'm not sure what brennasmom said is even true. I still think he is a one term president, no matter what.

This is what I heard on our local news. To me, it sounds like they are tossing around different options. 6 months will come quickly and then they will be rehashing this again....

Here is a link to the article:

http://www.komonews.com/news/national/126150378.html

One quote: Obama wants legislation that will raise the nation's debt limit by at least $2.4 trillion in one vote, enough to avoid a recurrence of the acrimonious current struggle until after the 2012 elections.

**nodmicks** · 07-26-2011, 10:58 AM

If the shtf and they really do stop SS payment for more than a month I guarantee I will be moving my mother in even if it is 30 miles from all her friends and activities.

I am honestly not super worried about this. I think they use a lot of scare tactics. Dh and I have been past flat broke before and survived . We know how. Being rural makes me feel a lot more secure in the shtf scenario.