The KGB Oracle
Serving the online gaming community since 1997
Visit www.the-kgb.com
For additional information

Join KGB DISCORD: http://discord.gg/KGB		  
Portal Forums Member List Calendar Active Threads
KGB Information
Untitled 1

Visit KGB HQ
www.the-kgb.com
Who's Online Now
0 members (), 42 guests, and 10 robots.
Key: Admin, Global Mod, Mod
ShoutChat
Comment Guidelines: Do post respectful and insightful comments. Don't flame, hate, spam.
Today's Birthdays
Mmorning
Newest Members
Luckystrikes, Shingen, BillNyeCommieSpy, Lamp, AllenGlines
1,477 Registered Users
Forum Statistics
Forums53
Topics13,095
Posts116,357
Members1,477
Most Online276
Aug 3rd, 2023
Top Likes Received (30 Days)
None yet
Top Posters(30 Days)
Sini 1
Popular Topics(Views)
2,050,058 Trump card
1,346,650 Picture Thread
482,398 Romney
Previous Thread
Next Thread
Print Thread
Rate Thread
Page 3 of 3 1 2 3
Re: Fiscal Cliff
Daye #112146 01/02/13 02:48 PM
Joined: Jan 2006
Posts: 5,529
Likes: 10
Sini Offline
KGB Supreme Court Justice
KGB Paladin
King's High Council
**
Offline
Sini
KGB Supreme Court Justice
KGB Paladin
King's High Council
**
Joined: Jan 2006
Posts: 5,529
Likes: 10
Quote:
why have a debt ceiling at all


Good question. Considering that debt ceiling is mostly concerns covering the bills for the expenses already incurred by a budget passes by the Congress... Wouldn't budget bill be a more appropriate way to handle spending cuts?

I would be all for "honor debt obligations" bill, then they can shut government and services all they want until they agree on something. Until then, defaulting on your financial obligations is a big "No No" in my book.

Last edited by sini; 01/02/13 02:50 PM.
[Linked Image]
Re: Fiscal Cliff
Wolfgang #112150 01/02/13 03:34 PM
Joined: Nov 2005
Posts: 4,653
Likes: 6
Derid Offline
Chief Justice
KGB Supreme Court
****
Offline
Derid
Chief Justice
KGB Supreme Court
****
Joined: Nov 2005
Posts: 4,653
Likes: 6

Actually the govt is Constitutionally obligated to honor debt. Default is never a legal option, though of course the govt can lay off workers. (Considering shut down of services a temp layoff in this case)

For who could be free when every other man's humour might domineer over him? - John Locke (2nd Treatise, sect 57)
Page 3 of 3 1 2 3

Moderated by  Derid 

Link Copied to Clipboard
Forum Rules · Mark All Read Contact Us · Forum Help · The KGB Oracle
forms
Promotion Request
Medals Request
Hall of Fame Correction
KGB Member Conduct Report
social
KGB YouTube 
KGBRomeo Twitch 
Donkleaps Twitch 
KGB Teamspeak 
contact
Questions, Comments, Hate Mail? Contact gm@the-kgb.com for all inquiries.
The Knights of Glory and Beer (C) 2021
All Rights Reserved
Powered by UBB.threads™ PHP Forum Software 7.7.5