The debt debate explained

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So here’s the analogy: A man and wife disagree on how much to spend on groceries for the month. The wife says they should spend $500 per month, and the husband says they should spend $700 per month. Should the husband or wife threaten to not pay the mortgage if they don’t get their way on groceries? Of course not, because that would be stupid.

This is the debt ceiling debate in a nutshell.

Mark Hallman

North Augusta, S.C.

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bubbasauce
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bubbasauce 10/17/13 - 03:11 am
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Excellent point. Enough said.

Excellent point. Enough said.

carcraft
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carcraft 10/17/13 - 03:33 am
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NOT QUITE SO SIMPLE

Food is a necessity. The argument goes like this. The family takes in $2,000/ month, the wife has a budget and wants to send $550.00 on mortgage, $300.00 on groceries, $200.00 on power bill, $250.00 on car payment and $500.00 on the $8,000.00 credit card bill and $100.00 for savings and $100.00 for fun. the Husband wants to buy a new bobble for his expensive corvette to the tune of $2,000.00 and put the rest on the credit card increasing the debt to $10,000.00 with a promise to pay at some later time. Oh did I mention the Corvette doesn't run?

deestafford
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deestafford 10/17/13 - 05:21 am
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Liberals want to go to the grocery store and buy everything on

the shelves...sort of like those moochers in LA did the other day in WalMart with unlimited government credit cards.

Conservatives, notice I did not say republicans because we have some of them who are almost as bad as the left, have a written grocery list which contains only the necessaries and what only can be paid for in cash at the register.

truth_be_told
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truth_be_told 10/17/13 - 06:08 am
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DEE

What's wrong with that?

Truth Matters
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Truth Matters 10/17/13 - 08:08 am
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"Conservatives....... have a

"Conservatives....... have a written grocery list which contains only the necessaries and what only can be paid for in cash at the register."

Unfortunately, the main item on that recent list, defunding the ACA, has cost the US economy at least $24,000,000,000, according to Standard and Poor's. The cost in stress and the 16-day disruption to families' lives is immeasurable.

There is nothing conservative about being willing to ruin the US economy because of a hissy fit. A more fitting description for this group that just put our country through this nightmare is "regressives."

Bodhisattva
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Bodhisattva 10/17/13 - 08:09 am
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Or the conservative way.

Or the conservative way. Reagan increased the debt 186%. GHW Bush increased it 54%. Clinton increased it 32%. Gee, it's slowing down. Reagan proved that deficits don't matter so let's give everybody a little tax cut, but let's give those folks at the very top, you know, the folks who were our "Pioneers (Folks who raised and gave us at least $100,000. Like Ken Lay over at Enron, who gave us $574,550, or Sam Fox who gave us $831,733 for the 2000 campaign and then his company got $3.3 million in federal contracts in 2002. For the 2004 campaign he was a "Ranger", raised over $200,000, and got a recess appointment as Ambassador to Brussels, Belgium. Nice.) In 2001, we were attacked by 19 hijackers. 15 from Saudi Arabia, 1 from the UAE, 1 from Egypt, and 1 from Lebanon, so we invade Afghanistan, then we invade Iraq (sort of like invading Grenada after being attacked in Beirut). Since wars are so cheap, we then had more tax cuts and speeded up the previous ones. Nothing helps the debt like bringing in less revenue. Even though only temporary and the deficit and debt were soaring, the GOP then pitched a hissy fit when they were about to expire, because if we brought in more revenue, that would help the deficit and the debt, and that would make Obama look better. Since they had already had a meeting the morning of the inauguration where the GOP decided not to support any program Obama wanted and to oppose him at all costs and that their number one priority was not jobs, not to end the wars, not to help the American people, but to make sure that Obama was a one term President, they couldn't have the debt look better. Now, what do they whine about, other than the ACA of course, the deficit (that didn't matter) and the debt that they caused to increase. A self fulfilling prophesy. Great work GOP. You keep proving you can't govern.

deestafford
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deestafford 10/17/13 - 08:13 am
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Truth be told

Ain't nothing wrong with that in they eyes of the statists and those who want to..."fundamentally change America".

Truth Matters
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Truth Matters 10/17/13 - 08:24 am
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"Should the husband or wife

"Should the husband or wife threaten to not pay the mortgage if they don’t get their way on groceries?"

No, the husband and wife should follow the Cruz script and say to the grocer, "if you don't let me have these groceries and YOU give me money for my mortgage, I will burn down your store. If you don't comply it will be YOUR fault."

Then you hold a press conference and say, " I don't know why Mr. Grocer wanted his store to burn down. I asked him to sit down and negotiate with me and he won't."

Humble Angela
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Humble Angela 10/17/13 - 10:59 am
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"No, the husband and wife
Unpublished

"No, the husband and wife should follow the Cruz script and say to the grocer, "if you don't let me have these groceries and YOU give me money for my mortgage, I will burn down your store. If you don't comply it will be YOUR fault." "

No THAT is some ridiculous hyperbole. Leave it to the liberals to ignore facts and make up scare tactics.

carcraft
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carcraft 10/17/13 - 11:15 am
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Let me get your logic

Let me get your logic streight Bod, IF I owe $5,000 dollars and barrow $5,000 I have increased my debt 50%, my wife then barrows $6,000 dollars but she has only increased the debt by 37.5% this indicates my wife barrowed less than me? LOL Liberal math and logic again!!!

carcraft
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carcraft 10/17/13 - 11:17 am
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I wonder if any one will ask

I wonder if any one will ask Obama about his wonderful Health care web site during the current speech!

Humble Angela
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Humble Angela 10/17/13 - 11:20 am
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Borrowed.
Unpublished

Borrowed.

carcraft
25148
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carcraft 10/17/13 - 01:53 pm
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Thanks Humble

Thanks Humble

Humble Angela
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Humble Angela 10/17/13 - 02:23 pm
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Don't mention it.
Unpublished

Don't mention it.

rmwhitley
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rmwhitley 10/17/13 - 05:36 pm
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The only
Unpublished

problem with this analogy is, Do they have the $500 or $700 to spend?If they do, it's a family squabble. If they don't they have to steal it like the democrats.,

Bizkit
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Bizkit 10/17/13 - 10:39 pm
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Carcraft you forget their new

Carcraft you forget their new expensive ACA health insurance that has doubled their health care cost in their budget. So much for the bobble for the vet. Ho,ho,ho

freeradical
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freeradical 10/17/13 - 10:40 pm
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Debt = Money ? In what Alternate Universe ?

Of course the husband and wife actually having cash from the git go

flies in the face of a " DEBT debate "

An analogy based in reality would the husband and wife are $ 40,000

in DEBT on their credit cards , so to remedy the situation back to full

faith & credit the wife says they should get a new credit card and

immediately pay off the DEBT on the old credit cards by incurring new

DEBT to the tune of $ 50,000 .

The husband disagrees and thinks they should incur new DEBT to the

tune of $75,000 , and use the extra $35,000 to buy $35,000's worth

of lottery tickets .

This is actually more sound financial planning that our DEBT debate .

Bizkit
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Bizkit 10/17/13 - 10:53 pm
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I thought the scenario was

I thought the scenario was Obama stated anything but paying your mortgage and every individual,except Congress,buying ACA health insurance is unacceptable, and he wouldn't talk to you. Despite the fact they just wanted a delay of the individual mandate after obama has changed mandates with no authority. I think Rep would be wise to pursue Obama unilaterally changing a law as mandated-he'd lose in SCOTUS. Threatening a veto to protect Congress won't play well.

Darby
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Darby 10/18/13 - 06:04 pm
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Have you noticed the way that the lib/progressive lies

about Reagan always pop back up whenever the public begins to notice just how far the Democrats and their incompetent "leader" have brought down the economy?

The idea is to distract critics of OzBama and company and get people to take their eye off the ball.

It never works, but they will keep trying.

This country will continue to slide toward oblivion until the failed, unaccomplished (and without a clue) dummy in the White House goes back to Chicago.

Too bad that it means another three years of wandering in the wilderness.

Darby
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Darby 10/18/13 - 06:06 pm
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We have proven to the world that America can and will

elect a black man to the presidency.

At some point down the line, we should and will strive to prove to the world that we can elect a black president, not because of his color but solely because of his leadership ability.

We CAN have both, you know.

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