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Do you think the federal government should raise the debt ceiling?

July 13, 2011

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Debbie Holloway ( in Tonganoxie) says...

In the past, raising the debt ceiling has been a chance for the political party not in power to complain about the debt ceiling before the other party proceeds anyway. We have had 30 years to form this deficit of trillions of dollars and one administration alone will not get rid of it. This debt is a long-term problem spanding from generation to generation. We inherited it and will give it to our grandchildren. We are paying for Vietnam and other major world crisies and our grandchildren will pay for Middle Eastern and other world political issues. Do I think the federal government should raise its debt ceiling? Like I stated earlier, both political parties are playing chicken and right now they need to come together for the good of the American people and my hope is that they do this soon.

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Rhonda Overacker ( in Tonganoxie) says...

I don't think it's a good idea at all. As it is with our personal finances, if we have too much debt, we need to spend less on waste or excess, and then pay down the debt. Then, if that isn't enough, we get another job to earn more money. The wrong answer is to ask the bank for another loan, i.e. the government to raise the debt ceiling. We need to cut spending first and foremost.

Comments

Jason Bailey 3 years, 5 months ago on Do you think the federal government should raise the debt ceiling?

Rhonda: This is why civics has failed us in America and why the vast majority of the populace are too uninformed to even cast a vote in a general election. If we do not raise the debt ceiling, we will have our nation's credit rating downgraded big time. This means that we would not be able to fund much of anything since we're spending roughly $200B a month more than we bring in in revenues.

They have to raise the debt ceiling. I do agree that we need to cut spending and get our budget in line so we don't have to raise our debt ceiling again next year or the year after that. Entitlements need to be cut along with discretionary spending...across the board. Social Security needs to be privatized, Medicare simply needs to be phased out, and we need to get to either a flat tax or a national sales tax instead of this insane progressive tax code that benefits those wealthy enough to hire a full-time, dedicated, high-powered CPA to exploit the loopholes baked in by the wealthy for the wealthy.

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