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US borrowing tops 100% of GDP: Treasury
#12
SKINNYPIG Wrote:It's time to vote every House and Senate member that supported raising the debt limit (with the so called compromise bill) out of office...including the President! The biggest part of republicans and democrats are all in bed together. They are wallowing in an orgy of borrowing and spending that has to stop.

Our credit rating has now been dropped. We MUST balance our budget and pay our debt. It will be impossible without getting Americans back to work (our best source of revenue), reforming entitlements, and getting rid of the healthcare fiasco. Congress along with leadership from the president will have to work together on these items and it is obvious this bunch is incapable. Conservatives, republicans, democrats and liberals better start looking very close at Tea Party type candidates and get them in Washington soon...Or it is OVER!

Check it out. I hate the deficit/debt as much as anyone, but if you think that a small downgrade from AAA to AA plus is bad? Think about it this way: That occurred with us PAYING our bills. Imagine had we not raised the debt, and NOT paid our bills.

As a radical conservative on fiscal issues, I believe the debt ceiling to be borderline unconstitutional, and I'm comfortable saying that. The 14th amendment can and should be used if congress ever fails to raise the ceiling. The fact is, Congress is the ONLY entity that can authorize spending now and in the future, thus they HAVE to raise the debt ceiling or else the credibility of that very body must be called into question.

Some of you guys on here need a lesson in civics. You can hate the politics, but you must respect the rule of law, and ethical government. I fall into this category.
Messages In This Thread
US borrowing tops 100% of GDP: Treasury - by nky - 08-08-2011, 10:04 AM
US borrowing tops 100% of GDP: Treasury - by real_change - 08-12-2011, 04:56 PM

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