[nky]

Debt limit is an artificial ceiling that means very little. Until real spending is cut debt/deficit issue will not change. Also we can not tax our way out of this issue. Those that are argue for a certain percent of the population to pay their "fair" share of taxes and belittles those "evil" rich or big business are also the same people who state that the cuts that a proposed are only a drop in the bucket. Even if you confiscate the wealth of that 1% of the population It will only be a small percentage of the national deficit.

Real Spending cuts must be made, reforms need to be made in the IRS and the way we are taxed, government waste must be rooted out.