Jeff Neal for C.U.R.E. - Certain Unalienable Rights Endowment

Debt Ceiling – Did that alarm-thingy go off again?

In Economics, Financial, Opinion, Political Critique on April 21, 2011 at 4:32 pm

If you want to know how serious or knowledgable any of the politicians are about taxing and spending issues, just ask one of them “how large an increase in the debt ceiling do you recommend?”  If their answer is anything less than, say, $10 Trillion dollars (the amount the debt is expected to increase over the next 6-8 years) then that politician is merely pretending to be paying attention to the situation and actually has no sense of what is going on in the country they “govern” much less what are the consequences of his actions.

You’ll get an answer like “up to $17 Trillion” (up from $14.5T now) and you’ll know beyond doubt that they’re not serious, because that increase will last about a year, maybe two . . . and we’re right back where we started.

That’s really the point the Republicans are making (and not very well, by the way).  Unless we pair the increase to major reform in the budget process and serious spending cuts, we’re just kicking the can down the road and solving nothing – like pushing the snooze button on the alarm clock and rolling over for another few winks.

Wake up America – they’re toying with issues that can do irreparable harm to our country and the freedoms we seem to take for granted.  The politicians have no clue what they’re doing – seriously, they don’t – and the ‘media wing’ of the government is complicit, because they think the explosion might be good for ratings.

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