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Obama can put the polish to HIS turd to the best of his ability , but the fact remains,,,, he is the largest single contributor to the deficit/debt issue and now wants his credit card limit increased. Adolescent , irresponsible spending has got him to the point where he wants to invoke a crisis as per party policy... don’t waste a crisis. Worst part is he doesn’t want to accept any responsibility.

Letting him get his way, even one iota, will be the greatest act of fiscal irresponsibility of American politicians of all times. As we speak , many are talking of the de industrialization of America, increased unemployment///// who needs more debt or taxes under those circumstances? Then we have another group talking about a “post America”

The root of the problem is in the White House.
Small business/ the private sector cannot move under his philosophical constructs....let alone a orchestrated post America.

Its not in the debt ceiling//// its in the White House!

Hmmm...about a decade ago, my bank informed me that my line of credit for my small business was being reduced from $5K to $1K, and I had to pay the overage *now* or pay a fat penalty for each month I was over my new credit limit. No gradual, thing, but POW. It took quite a bit of work, a lot of selling off assets, and a lot of "doing without" to reduce my balance (ballooned by the penalties, of course) under the new limit. (It helped that that I landed a big consulting contract at the time, so I could pay off the overage.)

Interestingly, my bank was one of the first in line for TARP in 2008.

We as the voters are having a hard enough time convincing our elected representatives not to raise the debt ceiling. It would be a real hard task to convince Congress in general, and the Senate in particular, to lower the debt ceiling. My bank could do it because it was "their" money. It's our money the Congress and the current occupant of 1600 Pennsylvania Avenue is spending, yet we can't cut the ceiling on the government line of credit. Can you imagine the howling?

By the way, there are a lot of assets that the government could sell to make up the shortfall, and selling those assets could not only cut overhead costs but also increase tax revenue for both the States and for the Feds. Something to think about. Especially since those same assets could go for fire-sale prices when the situation gets worse, because wealth will be depleted enough to lower the value of those assets -- there would be fewer Americans with wealth enough to buy the stuff.

One thing that will save money: have those clerks, who don't see the public and who survive layoffs, work at home. Not only will we save money on office space, but it is a "green" thing to do by eliminating commuting, not to mention reducing the need for roads, parking lots, and pollution in Washington DC.

Here's another thing that will save money: Congress meets virtually. The representatives stay at home, near the constituents, instead of taking up separate residence in DC near the professional lobbyists. You cut down on travel back and forth (especially for the gentlepeople from California) so they have more time to do their job, they could do their work from Web sites that are open to the public, and the staff requirements would be reduced because the bulk of the staff would be at home, not DC.

Obama wants new taxes? There is another pot of untapped money: campaign contributions. When he talks "shared sacrifice" why doesn't he raise this as a source of money for debt relief?