raising the debt limit is probably the right thing to do
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I don’t mean to sound contrary, but we are already closing in on a nominal $17 trillion debt. And that does not count the unfunded liabilities of $126 trillion. (Your share of that liability as a taxpayer is over $1 million.) And now we’re going to increase the debt again, probably close to another trillion.
Is raising the debt limit the right thing to do when we have to borrow more money to make the interest payments? When does this dangerous insanity stop?
The truth is nobody wants to deal with the debt becuase its a painful problem. Kick the can down the road and let it explode on someone else’s watch.
We have taxed, borrowed, and printed money to fund the federal behemoth and are reaching the limits of all three. We are facing a catastrophic implosion if we don’t get the debt under control soon.
You don’t sound contrary. You raise a reasonable point. The problem, as I see it, is simply one of how to unravel government deficit spending without blowing up the economy in the process. I don’t believe we can simply stop all deficit spending overnight without doing serious harm. Does that mean I oppose balancing the budget? No way! I want the budget balanced, but I think we’ll need to taper spending by careful reform of existing programs. Just shutting off the credit card without picking and choosing what needs to be cut seems like a good way to cause economic destruction.
Additionally, we have to accept that Republicans do not control the presidency or the Senate. It’s going to be very difficult if not impossible to work with this president. I don’t propose giving President Obama whatever he wants of course, but we simply aren’t going to be able to reform what we want until we have a new president and political majorities in both the House and Senate. That means compromise for the time being, but keep in mind that means the president and Harry Reid are going to have to bend, too!
A party that wants smaller, constitutional government, one that wants to reform unsustainable programs, that honors past promises but frees up younger generations to choose their own paths free from the government mandates of the past, one that believes in the rule of law? That’s a party, I think, that can win political majorities. Being anti-government in general, wanting to tear it all down now? That’s a good way to never win elections.