PredFan
Diamond Member
Can we do this?
I'm no economist, one only has to look at how I spend my money to know that. So I don't understand all I hear about it.
These things are what I see as the situation, correct me if I'm wrong here:
1. The Debt Ceiling is a self-imposed maximum amount that the government is allowed to borrow.
2. If we've reached the debt ceiling, we cannot borrow any more money.
3. If we cannot borrow more money, we have to live within our budget.
4. The debt ceiling law/policy/whatever, does not specify what income currently received goes where.
5. Obama saying that if we don't raise the debt ceiling, the elderly will suffer, etc., is nothing more than a ploy to push the public into putting pressure on their congresscritters to give obama what he wants.
Have at it.
I'm no economist, one only has to look at how I spend my money to know that. So I don't understand all I hear about it.
These things are what I see as the situation, correct me if I'm wrong here:
1. The Debt Ceiling is a self-imposed maximum amount that the government is allowed to borrow.
2. If we've reached the debt ceiling, we cannot borrow any more money.
3. If we cannot borrow more money, we have to live within our budget.
4. The debt ceiling law/policy/whatever, does not specify what income currently received goes where.
5. Obama saying that if we don't raise the debt ceiling, the elderly will suffer, etc., is nothing more than a ploy to push the public into putting pressure on their congresscritters to give obama what he wants.
Have at it.