News Article

Why a Debt-Ceiling Fight Is Good for the Country

Via bloomberg.com » Submitted On Tue, 01/08/2013 - 4:32pm by Norman Wolfe

Watch what he did, not what he says. President Barack Obama says he won't agree to spending cuts in return for Republicans' raising the debt ceiling. Yet he did exactly that in 2011. And he should do it again.

more and more of our spending rises on autopilot because of decisions made long ago, and nobody is forced to take responsibility for the gap between revenue and commitments. Bills to raise the debt ceiling are the only occasions when congressmen and the president come close to doing so. They are thus appropriate moments to attack the trends that are driving our rising debt.

Comments

The federal government employees current and retired must take cuts in benefits to repay Social Security funds they stole by not protecting the "lock Box." They except military should take the cut untill the system is made whole.

1 year 6 months ago

Not nearly enough $$$ - the Federal budget must be cut much more than that (although it is a good place to start!)

1 year 6 months ago
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If a citizen tries a Ponzi scheme they go to jail. A political party tries a Ponzi scheme the debt piled unto the citizens never ends.

1 year 6 months ago
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