23 July 2011

The Debt Ceiling

It's times like these when I realize how far out of touch I am.
Every now and then I have to shake my head in wonder because what seems SO simple to me obviously isn't. And at these times I fall back on you guys to help bring me up to speed.
Here's what has me baffled:
-Why do we have a debt ceiling?
Seems it's a self-imposed limit we're unable to restrict ourselves to!
-If we're gonna have to constantly raise it, (and apparently we are), and every time we raise it we have to watch stupid politicians arguing about who's at fault and what terrible consequences there'll be if we don't jack it up again, why don't we just do away with it completely?

The Sky's The Limit!

Just think how many jobs could be created or saved if we had no limit on our financial resources! And we could use stimulus money to raise the minimum wage to like.... $100 per hour. No more poor people!

I like this "Progressive" thinking!


Scotty said...

Three little nuggets......

Politicians are the only people in the world who create problems and then campaign against them.

Have you ever wondered, if both the Democrats and the Republicans are against deficits, WHY do we have deficits?

Have you ever wondered, if all the politicians are against inflation and high taxes, WHY do we have inflation and high taxes?

Old NFO said...

Scotty has a good point... AND until we either get a balanced budget amendment or end up like Greece, this is NOT going to stop.

wksaz said...

I'm with Old NFO, and I vote for not only a balanced budget amendment, lets also have a cut the federal government(except for the military) in half or less amendment to go along with it.

Then we can have a tax cut too, maybe even less inflation.


the golden horse said...

So if it is stupid to run up your credit card limits and then calling the bank to ask for more credit, why would this be a good thing?
Now we have a guy that just a short while ago, told us how terrible it was and how irresposible it was and now he wants to do the every thing that he said shows poor leadership.
Well, at least, he wasn't lying on the part about poor leadership.
Can we get this yea hoo out of the WH any sooner?