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 - Good As New - by Bill Goodwin. In the summer of 1995, my father, Russ Goodwin, and I acquired the 1945 Farmall B that my grandfather used as an overseer on a farm in Waynesboro, Georgia. After my grandfather’s death in 1955, J.P. Rollins, son of the landowner, used the tractor. In the winter 1985, while in his possession the engine block cracked and was unrepairable. He had told my father
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