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How long can we continue increasing the debt? The carrying charges on the huge debt are a real drain on the economy and reduce money available for all the things the Dems want to pay for !!. Why can't we have a real income tax code that would have almost everybody paying a share of the budget cost? It's not just the high incomes which don't pay a fair share of the income tax because over half the money collected comes from higher incomes!
The debt ceiling has a purpose and ignoring it is the real "circus"
Posted by krlklar
We can continue to do it until we are out of this mess. As all the experts have told us, that is how you get out of it. There is no such thing as a debt ceiling. The debt is crerated [sic] by Congress when they approate[sic] money, and we have to borrow. That means we have to pay back that ammount[sic] and no socalled ceiling created by the same people has any standing in[of] fact. The real circus is how the far right use it to try and destroy the country and their followers who post noonsense[sic] on it. Once again learn the subject.
Posted by john258
We are still spending money on programs put into law in 2009-2010. The reason Democrats haven't passed a budget since Obama taking office is to prevent the House from re-appropriating or altering the money spent on those programs. The only thing left for them to do is to deny the debt ceiling be raised beyond a reasonable amount forcing them to cut unnecessary programs. If the people hadn't used their heads and given the House a Republican majority we would likely already be in bankruptcy. We are spending a minimum of $800B per year more than we did in the years prior to Obama and we have fewer people working and a smaller GNP. The only way we have been able to pay our bills is through borrowing 47 cents on the dollar, an really stupid thing to do. The only experts touting Keynesian spending are Liberal economists who have never proved their theories will work. Paper planning does not always work in reality. Under Obama we will never have a job market that keeps up with the population increase, and without the jobs this recession will continue for years to come. The stupidity of it is magnifide by followers who don't have the intelligence to understand what is really happening and so they blindly follow their leader like Lemmings headed toward the edge of a cliff.
The argument might have been slightly more believable from someone who was educated in the English language, but it's doubtful, since it contained so much incoherant nonsense.