Discussion in 'Economy' started by Kevin_Kennedy, Nov 30, 2010.
Don't Raise the Debt Ceiling! by Ron Paul
I like many of Ron's ideals, but he is a bit short on realism.
Now had we not raised the debt ceiling in 2000 when we were near to a balanced budget...
The next big battle on the Hill...
Debt ceiling: Battle heats up
April 9, 2011 -- Everybody's talking about debt. No wonder: The country's tab is a whisker away from the current debt ceiling.
Budget fight just gets dumber
April 8, 2011: The current fiscal year is still budget-free, thanks to the inability of lawmakers to strike a deal and move on to far more critical matters.
hey??! I thought we just settled this?
I agree that the debt should not be raised, but in all honesty it makes no difference. This nations debt is do high right now that it is impossible to correct and we will fail as a nation. The only thing is when? I have no doubt that we have less then 10 years before this all falls apart and we become like a third world country.
We will have martial law with our own troops policing the streets and our freedoms and rights will be lost. People will be killing to survive and many will be on the streets.
Raise the debt ceiling. It would blow a hole in the economy and threaten the financial system.
It's hard to believe that anyone serious would propose this. It's insane.
Raise the debt ceiling , lower the debt ceiling or leave it like it is makes no difference. This nation will default as the current debt is too high to correct.
We are over 14 trillion in debt. One trillion is a million dollars a day, every day for 2739 years. We are over 14 times that in debt. We are adding to the debt at a rate of over 4 billion a day. One billion is 1000 one million dollar bills. We are adding 4 times that every day. We are borrowing 40% of every dollar spent by the government. All this because of irresponsible and corrupt politicians as they give our borrowed money away to other nations and try and be the police of the world. It is possible to push back the fall of this nation perhaps for 10 years, but sometime with the next ten years we will default and become like third world countries with most the nation living on the streets and digging in dumps to survive. There is simply no way around it.
I think this is one of those "screwed if we do, screwed if we don't" type situations.
Obama: Congress must — and will — raise debt limit...
Obama: Debt ceiling hike will need spending cuts
Apr 15, 2011 - President Barack Obama said Friday that failing to raise the U.S. debt limit "could plunge the world economy back into recession," and he acknowledged that he must compromise on spending with Republicans who control the House to avoid such a crisis.
Obama: Raise Debt Ceiling or Risk Global Recession
Apr 15, 2011 – Failure by Congress to raise the U.S. debt limit "could plunge the world economy back into recession," President Barack Obama declared Friday, and he acknowledged that he must compromise on spending with Republicans who control the House to avoid such a crisis.
It's amazing how many here would support not raising it. They really want this country to implode. They are so stuck in their ideology that they can't understand how things work.
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