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Originally Posted by dellinger63
If the average tax-paying American family (not the 40% of households who pay no income tax) largest problem in the household was their budget; do they go out and seek more credit cards and financing or do they make do with what they have and try and get back on their feet?
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That's not a very accurate analogy. A more accurate analogy goes to liquidity.
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Our number one problem is the debt and now we NEED to increase it? 
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Yes, we NEED to increase our debt ceiling, or we will harm our rating for decades into the future, and likely force the world into a recession.
Not raising the debt
ceiling - defaulting on our obligations - does nothing to change the amount of our
debt - it only makes it far more expensive and harder to get in the future. It will hugely increase the cost of the debt we already owe. Yeah, that's smart?