Debt Ceiling Debate Revisited
Friday January 13th, 2012 • Posted by Stephanie Freedman at 4:32pm PDT • 2 Comments
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The Wall Street Journal reported that the White House informed Congress yesterday that they are once again reaching the debt ceiling limit. This quote that I found in the article was quite unsettling:
But under procedures resulting from last August’s budget agreement that sought to avoid a government default, President Barack Obama could issue a veto, and the ceiling would rise even if Congress moves to block it... Congress keeps increasing the debt ceiling because the U.S. government spends more money than it brings in through tax receipts.
This statement unnerves me to no end. Will Washington never learn? MyGovCost Director Emily Skarbek found a video 3 Reasons Why the Debt-Ceiling Debate Is Full of Malarkey which I found informative. Emily also wrote commentary regarding the last debt ceiling debate in August:
With the White House and the House of Representatives still at loggerheads over how to resolve the debt crisis, administration officials are turning up the heat, claiming that Washington has only two choices: increase the government’s borrowing capacity beyond the current $14.3 trillion limit or face a catastrophic U.S. Treasury default. If the latter happens, they warn, the government won’t be able to pay its debts and will have to stop cutting checks.
But this is a false choice. There’s a third option: Washington can cut spending.
When money is tight, I tighten my belt. If I’m in debt, I trim a few things to balance my financials. As a responsible individual, I do not live beyond my means, and I certainly don’t sign up for another credit card when I still have money to pay off on my current accounts. I cannot fathom the idea of not adhering to these principles, and the fact that Washington does not carry the same level financial responsibility makes me wonder who they “think” they are truly looking out for. At this point in time, it is painfully clear that it is not the taxpayers, yours truly included.
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That would mean you are assuming that our gov’t is responsible.
Unfortunately, that is not the case. We have leaders who have manipulated the playing field to insure they stay in power, can reward their friends and punish anyone who gets in the way.They have exempted themselves from term limits, from laws and regulations enforced upon us, and have voted themselves lavish perks from our wallets.
They do not care what Americans think or feel, as long as they can continue to forcibly take our money and property from us to enrich themselves, their friends and buy votes to allow them to continue the practice.
What has gotten us in trouble is freeloading in the US.
The folks who are getting the free stuff, don’t like the folks who are paying for the free stuff, because the folks who are paying for the free stuff can no longer afford to pay for both the free stuff and their own stuff.
The folks who are paying for the free stuff want the free stuff to stop, ...and the folks who are getting the free stuff want even more free stuff on top of the free stuff they are already getting!
The people who are forcing the people who pay for the free stuff have told the people who are RECEIVING the free stuff, that the people who are PAYING for the free stuff, are being mean, prejudiced, and racist.
The people who are GETTING the free stuff have been convinced they need to hate the people who are paying for the free stuff by the people who are forcing some people to pay for their free stuff, and giving them the free stuff in the first place.
We have let the free stuff giving go on for so long that there are now more people getting free stuff than paying for the free stuff.
All great democracies have committed financial suicide somewhere between 200 and 250 years after being founded. The reason? The voters figured out they could vote themselves money from the treasury by electing people who promised to give them money from the treasury in exchange for electing them.
The United States officially became a Republic in 1776, 235 years ago. The number of people now getting free stuff outnumbers the people paying for the free stuff. We have one chance to change that. In 2012. Failure to change that spells the end of the United States as we know it