I disagree we need to toe the line and say no more debt.... period !!! The U.S. House of Representatives holds the purse strings of the United States and EVERY member of the House needs to collevely get on the Dave Ramsey plan !!
http://www.daveramsey.com/article/get-out-of-debt-with-the-debt-snowball-plan/
Sorry. I have a job, house, family. I am NOT going to sit here while my country turns into Somalia just to prove a point.
Rome wasn’t built in a day, and if you try to dump all the bricks at once, everyone will just die under the rubble. Gotta build it one brick at a time.
BTW, yes, they SHOULD use that plan, BUT, we have to SURVIVE in order to be able to do it.
As much as I’d love for the new Congress to not raise the debt ceiling, it has to be done. My proposal is to tie every increase to significant cuts. Give some, take some, etc.
A flat-out refusal to raise it would result in a catastrophe like we’ve never seen. When a family defaults, it affects mostly them, and maybe their creditors just a little.
When a NATION defaults, it affects 300 million people. I don’t think most conservatives WANT the country to default, and, in fact the reason for spending cuts is to avoid it!
Default for the nation can happen one of two ways:
1. The slow way - which is the path we’re on with Obama.
2. The fast way - not raising the ceiling.
End result is the same, and neither is acceptable to me.
The third option is what I suggested and it can work and (possibly) avoid disaster. Just the appearence of some austerity would make us look better in the eyes of our creditors etc. A default would NOT do that.