[nky]

I thought of a way to explain our current economy. Here are the only three options that we currently have:

1) Cut spending / raise taxes.
2) Continue spending and don't raise debt ceiling.
3) Continue spending and raise debt ceiling.

Now that you know the three options that our country has, please choose the one that you would want our government to choose. But be careful in your decision, because it might cause an economic collapse. I'll explain when you choose.

Congress will choose #3- they love to spend and have raised the debt ceiling 40 times since 1980
#2 will lead to defaults not a bad thing but political suicide for both sides
#1 Cutting spending/budget is a good start but raising taxes will cause the economy to stagnate more - tough to get re-elected saying you raised taxes (read my lips and all)

Better option- Cut spending-current and future,reel in entitlements. modify Social Security (raise retirement age to 70+, root out the waste and fraud in the system), Health Care issue needs to be fixed (that includes Obama Care, Medicare, and other federal programs on health), Cut government- remove the Department of Education, Housing and Urban Development, Energy, Homeland Security. Go to a flat tax and close all tax loop holds- you make x amount of money you pay a certain percent to Uncle Sam.
Go ahead and raise the debt ceiling it's an artificial number anyway