Mortgage Grapevine

Political: Would you favor raising the debt ceiling provided a constitutional amendment was created?

Right now I am thinking of becoming a sole proprietor in Colorado with a household income less than $41,000 a year. That way I am eligible for medicaid and probably food stamps and a whole bunch of other government programs I am not aware of....yet.

I figure I can deduct from income food, shelter, and clothing, auto, and utilities.

Free food and healthcare.

Not making money is the way to go.

by the voice of reason January 2, 2013 2:33 PM

Constitutional amendment for what?
by That's funny! January 2, 2013 2:39 PM

A constitutional amendment that says government cant spend more than what they take in. Oh wait, raising the debt ceiling wont acccomplish that! And raising taxes doesnt solve the problem. So what is the solution?
by the voice of reason January 2, 2013 2:55 PM

They borrow money
It's a gimmick, this whole spending debacle
It's kind of funny when you look at the insanity of the thinking
Eliminate abortions, create tax payers, spend more!
by Sooner Nation January 2, 2013 3:00 PM

The solution is revolution!!!! We should all take to the streets and destroy small businesses and private property!!!!!

by Donktard Borker January 2, 2013 3:02 PM

Donk, you are such a non conformist!

I like my plan. Sole proprietor. Colorado for free healthcare if I keep the net under $41k for the household.

I'm thinking a TVOR shack in the woods.
by the voice of reason January 2, 2013 3:14 PM

There isn't a solution short of massive economic meltdown, IMHO. The federal debt is huge and it is currently being financed on the cheap due to extremely low rates. When (not if) rates go up the financing costs will explode, increasing the deficit and resulting in default. If meaningful spending cuts and/or tax increases are implemented to reduce that risk it will suck money out of the economy which will drive us into massive recession or depression.

There is likely reasonable middle ground between those scenarios that might somehow permit us to tiptoe us through this mess, but any such solution is far beyond the capabilities of the partisan morons we have elected.

Oh yah, almost forgot... Happy New Year
by oldbe January 2, 2013 3:16 PM

Damn oldbe, now I might have to get a dog for my shack in the woods! Dog food is not in the budget. Will someone raise my debt ceiling? Happy New Year to you too!
by the voice of reason January 2, 2013 3:38 PM

They raise taxes on the top earners....I wanna know what's next....raising the tax on the rich won't be enough to cover the short falls...So What's Next?
by Power Pig January 2, 2013 3:54 PM

"A constitutional amendment that says government cant spend more than what they take in."

So never deficit spend?

That's just stupid.

Rethink that and get back to us.
by That's funny! January 2, 2013 4:48 PM

TVOR- I've abandoned my shack in the woods idea. I (and the pooch) would quickly be taken down by the starving, raving hordes who will end up in the woods looking for roots, dog meat and such to eat. And then there will be the torch and pitchfork crowd that, when done with the public servants, might start raiding those cabins in the woods. I'm moving in with turdly, he just doesn't know it yet...
by oldbe January 2, 2013 4:53 PM

Why build a shack? Gotta go underground. Insulation from the earthen structure would keep the temps fairly constant.

Next, go to all cash. Offer a 20-30% discount for those that pay in cash. No income to report.

With no real income to report reap the free swag from the Govt. Cell phone, Obamacare, Govt. Cheese!

Happy days are here again!!!
by Driver 8 January 2, 2013 5:12 PM

What? I can get a free cellphone and free cheese?
by the voice of reason January 2, 2013 5:20 PM

I say take a liberal approach. Keep on borrowing from China as long as they want to make the loans. Treat their money like everyone who got a cash out refi did. In other words, treat it like it was your own hard earned money and spend it all. Then when the shit hits the fan, fuck the creditor.

by YATI January 2, 2013 5:21 PM

So that was where I went wrong during the refi boom. I had to go and be responsible.
by the cisco kid January 2, 2013 5:31 PM

"A constitutional amendment that says government cant spend more than what they take in."

So never deficit spend?

That's just stupid.

Rethink that and get back to us.
by That's funny! January 2, 2013 4:48 PM

Yet more proof that Ancho is just a pure useful idiot and doesn't live in the real world. The government takes in 2.5 trillion. I think they can find a way to live on that in most years.

If you need a provision to allow for emergency borrowing in certain instances fine. But in general shouldn't the budget be based on what they collect?

I would also add that the budget has to be tied to a percentage of GDP.

Both sides have shown they are incompetent and can't be trusted to do the job. We have to put them on an allowance. If they can't run the place on 2.5 trillion then we need to fire all of them and find some people who can.
by ConservativeMe January 2, 2013 5:51 PM

Budget CM? What Budget? Let's get us one of those. It would be a start.

The constitution does provide for the people to "throw the bums out" if we don't like what is happening. If we were to consider that, we'd better do it before they come for our guns.

Because they are.
by BuySide January 2, 2013 9:05 PM


I can hear it now in your best Jim Mora voice...

Budget..... Budget....

If ever there was a provision that we should have, it would be the throw the bums provision.
by ConservativeMe January 2, 2013 10:22 PM


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