West Wing from s06e20 - Debt Ceiling

No description available.

• Category

  News & Politics

[pseudonym32]

To quote Reagan, ""The full consequences of a default by the United States are impossible to predict and awesome to contemplate. Denigration of the full faith and credit of the United States would have substantial effects on the domestic financial markets and the value of the dollar in exchange markets. The Nation can ill afford to allow such a result."

[pseudonym32]

Its fun to see people who don't actually know how things work. The debt ceiling is money we have already spent. The way to stop adding to the debt is to reduce the annual budget deficit.

[weirdoregon]

This country needs to avoid fighting wars, giving prescription benefits to seniors and tax relief to everyone all at the same time. Relaxing regulation of the real estate and financial industries to precipitate a near economic collapse wasn't such a great idea either. Remember, Clinton left office with a SURPLUS.

[override367]

He's explaining the difference between the debt ceiling and the debt: not passing the debt ceiling does not lower the debt, the spending has already occurred

The debt is still there, we just default on it. You can't fight the debt with the debt ceiling, you fight the debt months earlier when you approve the spending

[override367]

Today the Republican minority leader put forth a bill to end the debt ceiling

When the Democrats didn't act how he thought they would (immediately reject any proposal out of hand, like he would), he panicked and filibustered his own bill

Put forth solution to end self constructed crisis -> filibuster own solution

The GOP ladies and gentlemen

[bumshka21]

Wow the way to stop adding to a debt is to reduce a deficit? Thank you Webster for your totally non explanatory dictionary laden logically obvious answer!

[vpaturi]

As much as i love Sorkin, he didn't write this.

[aj71169]

@jayjames5 ahh, if only the repubs had said yes to their idea, maybe we would have a bba in place.

[jayjames5]

Wow, this show aired 4/2005 and they are talking raising the debt ceiling from 7 to 8 Trillion Dollars, I checked the graph of the US National Debt. Now 2011 and we just had to raise the debt from 14.5 to 16.6 Trillion Dollars, that is F'ing crazy!!!! From 2005 on, Democrats in control of both House and Senate and now Republicans controlling the House, 2008 - Demcratic President, both parties are to blame. This Country's Politics needs an enama and a Ballance Budget Ammendment!

[EconAtheist]

PLEASE - FOR THE LOVE OF FSM - VOTE THE TROLL'S COMMENTS INTO HIDDEN STATUS.

THANK YOU FOR HELPING TO MINIMIZE RAMPANT STUPIDITY FROM BEING PROPAGATED ON THE INTERNET.

[BestPoliticalVideos]

"Its fun to see people who don't actually know how things work"

Unfortunately, it's not funny with Obama at the helm.

[BestPoliticalVideos]

Islam SUCKS!

Obama inherited a Triple A rating from Bush

Obama sucks too!