There isn’t much choice. Tax revenues barely cover the cost of interest on the national debt and Health and Human Services. If they don’t raise the debt ceiling, they would have to shut down the government.
It took a long time to get into this mess and it’s going to take years to fix it. Even going back to 2008 spending levels would mean laying off 200,000 federal employees.
BULL !! the choice is STOP SPENDING !!! If YOUR credit cards are maxed out the answer is NOT go get another one
Barbara Streisand. I can see Republicans being scared of being blamed for shutting down the government in time to contribute to Hussein’s re-election like it worked for Clinton, but it’s time to stop the knee-jerk debt raising. Have to take a stand, otherwise your argument will be used EVERY TIME. The media sycophants are both stupid AND bought by the left.
“It took a long time to get into this mess and it’s going to take years to fix it.”
Aren’t those the EXACT SAME WORDS Hussein used a few days ago when called out on his budget NOT reducing deficits, counter to his initial claim?
It’s kinda like trying to get a date with a hot girl.
Some Freepers’ suggestions are akin to walking right up to her and grabbing her a$$, when we need to wine and dine her first despite how desperate we may be!
Obama’s plans, OTOH, are more like ignoring her entirely and just paying for a prostitute.
“There isn’t much choice. Tax revenues barely cover the cost of interest on the national debt and Health and Human Services. If they don’t raise the debt ceiling, they would have to shut down the government.”
Actually that isn’t quite correct. Only any given day the interest on the debt is maybe only 6% of the revenue take in that day. There are 3-4 ways the govt gets money to pay the bills so if we don’t raise the debt ceiling they will just juggle things around and get money from one of the other sources. If we do not raise the debt ceiling little Timmy Geinther will just have to figure out what to cut in order to keep paying the interest on the T-Bills. We will not default on our debts. Its just scare talk by the Dims as usual.
We don't have "years" to fix it. Months, maybe.
The best we can hope for is drastic action RIGHT NOW that might restore some confidence on the part of businesses and investors.
The only way we'll "fix" this, ever, is by restoring economic growth and creating some jobs.
Now is the time. It’s going to have to be done sooner or later. As painful as it may be now, it will be far less painful than it will be later. Also, we’re at a place in history where a government shutdown wouldn’t be viewed as a bad thing.
Shut it down. It sucks!
I wonder if the uber-Freepers would be willing to give up a portion of their Social Security or Medicare benefits to offset the enormous and increasing interest expense that entitlements require.