Vote on Debt Limit increase?

Riot · #13 04-19-2011, 06:49 PM

Quote:

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?

That's not a very accurate analogy. A more accurate analogy goes to liquidity.

Quote:

Our number one problem is the debt and now we NEED to increase it?

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?

View Poll Results: In the vote to raise the debt limit of the United States, I would
Vote Yes - raise the debt limit	12	37.50%
Vote No - the debt is too high already	15	46.88%
Vote Present - hey, this vote is too hard	5	15.63%
Voters: 32. You may not vote on this poll