Moving to USA
Member
If I were in a position to actually do something, and Im not.
I would raise the limit just enough to make it through 3 months. I would then add to that a cap that would run the country for at least the next 5 years without another limit raise.
The catch to the 5 year plan is that it could only be raised equal to cuts made from the other end.
look at it this way. You are doing really good at your job, making big bucks.
You buy the big house, 5 or 6 expensive cars, best home electronics etc... and its all on credit. big payments but what the hell, you make the money to pay.
Now you lose your job, and your new job only pays half. Suddenly, you find yourself financially embarrassed, you cant make payments.
Do you get another credit card to make payments on the other loans with?
Do you sell the cars, maybe downsize the house until you are once again making the payments on time with the salary you bring home.
Raising that debt limit will only work until you have borrowed enough again to hit the top.
If the country is ever going to recover, hard choices have to be made. deep cuts will have to come.
That might mean that social programs are first hit, Why shouldnt people on welfare either get laid off or go through a furlough?
bringing back our military to our own shores for the time being.
closing the border and running those currently here illegally out.
Might mean making National parks charge an entrance fee that would almost take care of the expense of running them.
could mean closing tax loopholes.
No more foreign aid. ( if you are the guy above, would you lend your friend 1000 bucks when you could not even pay your own bills?)
Drilling our own oil to supply our needs until a workable alternative is in place would save billions a month.
lots of ways to do it.
I would raise the limit just enough to make it through 3 months. I would then add to that a cap that would run the country for at least the next 5 years without another limit raise.
The catch to the 5 year plan is that it could only be raised equal to cuts made from the other end.
look at it this way. You are doing really good at your job, making big bucks.
You buy the big house, 5 or 6 expensive cars, best home electronics etc... and its all on credit. big payments but what the hell, you make the money to pay.
Now you lose your job, and your new job only pays half. Suddenly, you find yourself financially embarrassed, you cant make payments.
Do you get another credit card to make payments on the other loans with?
Do you sell the cars, maybe downsize the house until you are once again making the payments on time with the salary you bring home.
Raising that debt limit will only work until you have borrowed enough again to hit the top.
If the country is ever going to recover, hard choices have to be made. deep cuts will have to come.
That might mean that social programs are first hit, Why shouldnt people on welfare either get laid off or go through a furlough?
bringing back our military to our own shores for the time being.
closing the border and running those currently here illegally out.
Might mean making National parks charge an entrance fee that would almost take care of the expense of running them.
could mean closing tax loopholes.
No more foreign aid. ( if you are the guy above, would you lend your friend 1000 bucks when you could not even pay your own bills?)
Drilling our own oil to supply our needs until a workable alternative is in place would save billions a month.
lots of ways to do it.
