I am in complete agreement that this is not sustainable. No where did I even pretend to indicate that it was. Obviously income and spending need to be brought in line with one another. The point of raising the debt ceiling is not to allow that to continue forever, it is to prevent default. Defaulting on any loan is never good.
In terms of this being a bunch of hooey that lawmakers are using to scare people, unfortunately that just is not true. While the government does take in enough money to pay SS each month it does not take in enough money to pay ALL the bills each month. Which were you planning on no longer paying? This would be like saying that you needn't change your personal financial situation because you take in enough money to pay your car payment. However, you need to take in enough money to pay all your bills: mortgage, car payment, insurance etc.
Raising the debt ceiling, where we are financially, is a requirement at this point. It has been raised numerous times in the past, by presidents on both sides of the aisle. It would be to the benefit of the American people if they would look past who is in the White House and make a decision that is best for the country.
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Today's Featured Article - Old Time Threshing - by Anthony West. A lovely harvest evening late September 1947, I was a school boy, like all school boys I loved harvest time. The golden corn ripens well and early, the stoking, stacking,.... the drawing in with the tractors and trailers and a few buck rakes thrown in, and possibly a heavy horse. It would be a great day for the collies and the terrier dogs, rats and mice would be at the bottom of the stacks so the dogs, would have a busy time hunting and killing, all the corn was gathered and ricked in what we c
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