The debt ceiling is not the problem. Our nation has to pay our debts. The problem is running up the debts in the first place.
To answer your question, there's two competing versions of America we're trying to finance. Free America and Fair America.
Free America wants businesses big and small to employ people, invent things, provide services, and allow free men and women to provide for themselves and live independently and interdependently. Everyone is able to live free, to succeed or fail on their own merits, and to compete for a better tomorrow for themselves and their families.
Fair America believes that behind any great fortune lies a great crime, and that the pillars of American greatness are built on theft, oppression and injustice . Their solution to this is by redistributing the wealth from those who don't deserve it to the multitudes who were wronged, in accordance with an altruistic central authority that rewards virtue and punishes vice.
The problem is this: You're really talking about two different countries, with different cultures, hopes and aspirations, occupying the same real estate, and functioning through the same government.
These competing systems are at odds over the desired outcomes, to say nothing of the methods used.
The 'Unlimited national debt burden' is desired by Fair America, because any tool that serves the redistribution of wealth in a civicly and environmentally virtuous way is not only valid, but mandatory. It would be a sin for them not to keep spending until their goals are reached.
Free America is more like a garden that needs to be tended now and then, but otherwise doesn't need much tinkering. It grows on its own, in the proper conditions. It also can be stifled, crushed or torn up in the wrong conditions.
That's where we're at now. Fair America wants to cover the garden from sunlight, divert the water, and pave the ground. Free America wants to grow free and natural, with the occasional diligent pruning, weeding and watering.
You can only make allowances for each other for so long before it becomes clear that there's not enough room, physically or monetarily, for the both of us.
It helps Hussein move America closer to third world status.
I think Americans are coming to terms with this reality.
A lot of us knew it was coming but no alarm bells were set off by our government — not that you’d notice. No one wants to be the bearer of bad news.
Now that we know how dire it is, we are beating down their congressional office doors, emailing their offices, phoning their offices, marching outside of their palace — I think there will be — “living within our budget” tremors felt all across the country (states balance their budgets — well CA thinks they’re a country) and we will turn this around.
Note to self: make notes.
“( - - - Or, would the idea of living within our income have put America in the very dangerous position of becoming “ To Big To Fail “ - - - )”