Letter: Leave debt ceiling alone
January 17, 2013 at 6:00 pm in Worthington Daily Globe
I fail to see why Congress keeps upping our debt. Continue Reading
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I have to agree! There HAS to be a time when we bite the bullet and reform, instead of trying to spend our way out of the problem. We don’t need to turn out like Greece. We’re a better country than that.
Hot debate. What do you think?
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Raising the debt ceiling means the country is paying its debt. That literally what it means.. if they don’t raise it, then they are failing to pay their bills.
Bills from two wars and tax cuts.
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Raising the debt ceiling means more deficit spending. Incurring more debt isn’t paying debt. What the King of the Low Information Voters tells the left isn’t questioned no matter how ridiculous.
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That’s wrong smartimus. The money was already spent our credit rating suffers if we don’t pay our bills. You may rail against “Tax and spend Dems”, but maybe you should think a little deeper. You benefited from the best education system in the world. You now want to deny the next generation the same. Tax levels are at a longtime low as is our education spending and it shows. Look at our rankings; at the bottom of the developed world. If we don’t properly fund education our children will sink lower still.
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When did democrats start worrying about our credit rating? That’s something new, right? So we’re still at the bottom of the developed world after $ 6 trillion and counting of the Obama spending spree? Go figure.
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“Bills from two wars and tax cuts.” There hasn’t been any other bills created in the last 4 years? Of course, “It’s Bushes fault.” The current administration has added huge numbers in our nations debt. Cuts have to be made. Although the large increase in entitlement spending has a lot to with it, the discretionary spending is getting a bit over board. ALL bills have to be paid, not just those that one side wants to blame on the other and increasing spending isn’t going to pay them. As Obama said himself in 2006; “”Raising the debt ceiling is UnAmerican, irresponsible, unpatriotic and a failure in leadership”
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Actually, under Obama the rate of growth of the debt has been slowed much more than under Bush. That’s a fact.
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That is really laughable when we are looking at Obama running us into bankruptcy with $ trillion deficits projected for his entire presidency. By the time his presidency is up he will have increased the deficit more than the sum of all the presidents in the history of the United States.
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Ever hear of inflation Smartimus?
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Well yes as a matter of fact. Isn’t that when a loaf of bread costs a million dollars and a car a trillion? I guess the current gluttony of the left won’t seem so bad then.
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The author of the letter is right. “They are nuts.” How bad does it have to get before Washington stops the reckless spending?
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Please note that the rate of spending under Obama has FALLEN from the rate under Bush. This is a demonstratible fact. The rate as it continues to fall will finally get through to people eventually, but I hear what you just said all the time and it’s just not true.
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That is correct. If those who spout the “tax and spend” nonsense were at all interested in the facts all they have to do is look it up. Google” government spending by president”
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The debt limit is the total amount of money that the United States government is authorized to borrow to meet its EXISTING legal obligations, including Social Security and Medicare benefits, military salaries, interest on the national debt, tax refunds, and other payments. The debt limit does not authorize new spending commitments. It simply allows the government to finance existing legal obligations that Congresses and presidents of both parties have made in the past.
http://www.treasury.gov/initiatives/pages/debtlimit.aspx
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Thanks for the link. I found it interesting.
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So why does Obama use it for new spending and increased deficits then?
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He doesn’t. That’s just your inaccurate portrayal of what he does.
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Without an increased debt ceiling he wouldn’t be able to increase deficits so there is nothing inaccurate about it.
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Yes and if we don’t pay our bills we will be in even worse trouble. If we want to lower spending then we must pass a budget that does so. Running the country in the manner you suggest would lead to financial ruin.
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Smartimus I am never quite sure if you are serious.
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A budget, isn’t that something to balance income with expenditures? Obama and the democrats don’t need one of those. They took the new math where 2 + 2 = whatever you want it to. Who needs a budget? Obama hasn’t had one since the last budget of the Bush administration and you talk to me about budgets?
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Do yourself a favor and google “obama rate of spending” and see for yourself. It must please you that the Senate agreed to produce a budget in exchange for the vote on the debt ceiling so that issue can be laid to rest, right?
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So you get up to the pinnacle of irresponsible spending and brag that it’s getting better now ? The left sure is making an effort to make a pig look glamorous.
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http://bit.ly/XDcARk
Obama spending is down -$80
You may not like it, but we use debt financing and Congress has raised the debt ceiling 89 times between 1939-2010.
The only time we haven’t had to raise the debt ceiling in modern times was at the very end of Clinton’s administration when we had a budget surplus.
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That pig just got herself some pretty fine lipstick.
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What we have is a problem with Republicans not wanting to pay the bills they themselves were largely responsible for running up.
http://bit.ly/SJ1M7k
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Obama has been president the last four years. I thought you might want to know.
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I don’t know why I bother supplying facts to right wings nuts. they never accept them.
It’s no wonder the Republican party is dying and on life support.
They are divorced from the truth.
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I guess you didn’t notice the plateau at the top of the chart.
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There is good reason to keep supplying facts. For every “smart”timus out there with their head firmly planted in the sand there are many others who will listen and be informed. Maybe we should do background checks before you can purchase AM radios.
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Listen and be informed of the foolishness the left clings to.
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This letter…..never mind. Anyway both Reagan and Bush raised government spending. More than Clinton, Carter and Obama did. Big spenders. Oil wars will do that to ya. Good thing their own children didn’t have to face combat.
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You fail to understand that if the debt limit isn’t raised, we will willfully default on our loans, our credit ruined, and most economists agree that it ruin our economy. We still aren’t out of woods from the great recession. Seems crazy that anyone would want that.
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My comment is for smarimus, not you, middle man.
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We are here to help you “Smart”timus. Yes this is an intervention.
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Sorry I’m not interested in leftist bullpucky.
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Paying our bills is universal American values.
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