14 TRILLION Dollars And Counting

Sounds like something one would hear from Dr. Evil in the Austin Powers movies with the little finger to the corner of the mouth and the words “14 trillion dollars”. That is the current debt of the United States and it will only continue to rise unless spending is clamped down on.

Democrats raised the ceiling (Republicans are guilty as well) just enough so that the issue would come up early this year. Democrats want to show Republicans as hypocrites since they were so opposed to raising the ceiling when the Democrats were in charge. This could work or it could be a problem.

Republicans have stated they will not entertain raising the ceiling unless either a balanced budget rule or spending cuts (or both) are put in place. This is a great idea. Republicans can keep the country from defaulting and force Democrats to cut spending.

I would like to see Republicans add the repeal of Obamacare to the bill raising the debt ceiling so that Democrats would be forced to Choose between defaulting or repealing health care. This would allow them to fulfill the promise of repeal and brunt some of the sting of raising the spending limit. I would be willing to see a short term ceiling increase to repeal Obamacare and the increase would give them time to figure spending cuts that would bring the debt down.

No matter what happens we absolutely cannot keep raising the debt ceiling.

It can only do that for so long before we are in default no matter what.

Source:
CBS News

Cave Canem!
Never surrender, never submit.
Big Dog

Gunline

If you enjoy what you read consider signing up to receive email notification of new posts. There are several options in the sidebar and I am sure you can find one that suits you. If you prefer, consider adding this site to your favorite feed reader. If you receive emails and wish to stop them follow the instructions included in the email.



Print This Post

If you enjoy what you read consider signing up to receive email notification of new posts. There are several options in the sidebar and I am sure you can find one that suits you. If you prefer, consider adding this site to your favorite feed reader. If you receive emails and wish to stop them follow the instructions included in the email.

One Response to “14 TRILLION Dollars And Counting”

  1. Blake says:

    Since, when Obama was a Senator (VERYjunior, and, as it turns out- VERY temporary) HE voted against raising the debt ceiling, one might be able to make the argument that he should keep his frikkin’ mouth shut on this one- we will need to raise the debt ceiling- how much should be tied strictly to spending cuts, like, say, elimination of the Department of Education, also that of the EPA- and elimination of “Net Neutrality” by the FCC.
    Total elimination of the obamacare package wouldn’t withstand a veto either in the Senate, or on the rezident’s desk, but denial of funds should starve it until 2012.
    People, we gotta begin somewhere, and since impeachment for traitorous activities probably won’t happen, I guess baby steps will have to do.