I thought my post was pretty clear as to why. The fact that our entitlement programs and debt servicing costs consume virtually all of our tax revenues means that we will have to make some very difficult choices. Those who advocate not raising our current debt limit seem to be living in a fantasy world.
What cuts would you make to balance the budget this year and next? FYI: We will be reaching our debt ceiling limit in three months or less.
Check out this video to give you a glimmer of what we are facing.
The choices will not be easier tomorrow. And they won't be easier after we raise the debt ceiling again, and yet again.
If we can't make the difficult choices today, why would we be able to make them tomorrow?
Our choices are fairly simple at this point. We can either balance it by September or as our publicly held debt rises from $9T to $14T we will default. Then we will have no SS, Medicare and a aircraft carrier going up and down each coast.
I'm sure you have the best of intentions but our debt and deficits are simply a matter of arithmetic. One doesn't have to put on a tin foil hat to look at it, just green eye shades. Once it is seen, it is simply a matter of will to deal with it.