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Rearranging deck chairs on the Titanic
When the new Congress comes into session, one of the first things it will have to deal with is the debt ceiling of the United States. For anyone not familiar with it, this is the amount of money the government is allowed to borrow. Sometime early next year, we will have exhausted the money we have borrowed to run the government and the government will have to borrow yet more to sustain itself.
Every time issue comes up, we hear the wailing and gnashing of teeth from the left. It will be the end of the world as we know it if we do not raise the debt ceiling.
In reality, raising the debt ceiling gives liberals the excuse to continue spending like drunken Democrats, which many of them are.
The United States’ debt ceiling is now $14.3 trillion. The 2009 United States gross domestic product was approximately, $14.3 trillion. When we raise the debt ceiling this time, we will officially have more debt than our national annual income.
When this issue comes up for a vote, the Republicans in the House have a choice. Vote for it or not.
What if we just say no?
There would certainly be consequences. Our credit rating would be hit. There would be disruptions in our bond market. And we would have to reduce spending.
Liberals shriek at the idea of not raising the debt ceiling, but the simple fact of the matter is we cannot continue doing it indefinitely. America is broke and still on a spending spree.
It is time to cut Uncle Sam’s credit card into tiny pieces.
The consequences to America would be definite but not as bad as the ‘spend us into bankruptcy’ crowd would have us believe. To paraphrase an old saying, “when I owe you $1,000, I have a problem. When I owe you $14.3 trillion, you have a problem.”
The insane spending brought to us by the Obama/Pelosi/Reid axis of fiscal evil has to stop. The best way to stop it is to cut up Uncle Sam’s credit card. If we cannot borrow any more, then we have to live within our means. It is not negotiable.
When the new Congress comes into session, one of the first things it will have to deal with is the debt ceiling of the United States. For anyone not familiar with it, this is the amount of money the government is allowed to borrow. Sometime early next year, we will have exhausted the money we have borrowed to run the government and the government will have to borrow yet more to sustain itself.
Every time issue comes up, we hear the wailing and gnashing of teeth from the left. It will be the end of the world as we know it if we do not raise the debt ceiling.
In reality, raising the debt ceiling gives liberals the excuse to continue spending like drunken Democrats, which many of them are.
The United States’ debt ceiling is now $14.3 trillion. The 2009 United States gross domestic product was approximately, $14.3 trillion. When we raise the debt ceiling this time, we will officially have more debt than our national annual income.
When this issue comes up for a vote, the Republicans in the House have a choice. Vote for it or not.
What if we just say no?
There would certainly be consequences. Our credit rating would be hit. There would be disruptions in our bond market. And we would have to reduce spending.
Liberals shriek at the idea of not raising the debt ceiling, but the simple fact of the matter is we cannot continue doing it indefinitely. America is broke and still on a spending spree.
It is time to cut Uncle Sam’s credit card into tiny pieces.
The consequences to America would be definite but not as bad as the ‘spend us into bankruptcy’ crowd would have us believe. To paraphrase an old saying, “when I owe you $1,000, I have a problem. When I owe you $14.3 trillion, you have a problem.”
The insane spending brought to us by the Obama/Pelosi/Reid axis of fiscal evil has to stop. The best way to stop it is to cut up Uncle Sam’s credit card. If we cannot borrow any more, then we have to live within our means. It is not negotiable.
