Debt Ceiling Warning! Not Another Dime!

[dellinger63]

Originally Posted by Riot

Shhhhh ... I'm trying to make a point to Dell. He still doesn't understand what the debt ceiling is about.

Are contributions to PBS and NPR more or less important than paying SS and Medicare benefits?

Repeat the question inserting (any discretionary government office/program) and you'll get the answer.

I wish Obama had used it to decide before sending Egypt $2 billion and Pakistan $1 billion.

Or currently, is creating a whole new consumer protection bureaucracy and all the staffing and money it entails more or less important than paying SS?

Washington is completely impotent when it comes to cutting anything. They need to be treated as a child, unwilling to leave the toy store w/o buying something, would.

I understand what the debt ceiling is and want to use it like a middle age Spanish ring bit to get the horse turned around and going back towards the barn. We’re presently just a few percentage points behind Greece and Italy in so far as Debt to GDP ratios so now is the time to act. To give you an idea of the seriousness, this potential catastrophe is 1,000 times more immanent and real than Global Warming! Yet something we can fix fairly easily.

And yes once the horse is turned around taxes could be raised as long as provisions are put in place dictating all new taxes go to paying down the debt and not creating some more government jobs, or given to GM, or Egypt, Pakistan, Solyndra, Goldman, Fannie/Freddie, Union teachers, cops firemen etc etc etc