Quote:
Originally Posted by Riot
Yes, we have to pay down the debt. But not raising the debt ceiling has little to nothing to directly do with achieving that. The first thing we do is let the Bush tax cuts expire - our debt is cut in half in 10 years, doing nothing else.
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Before we raise the credit limit or let any tax cuts expire, we need to show good faith paying down the debt, period. This will actually improve our credit rating. We need to be spending less and paying more interest, something Obama has failed to do on both accounts. And before we do that we'll obviously need to elect a new President who believes something other than we need to spend to prevent going bankrupt.
Obama needs more credit just like a alchoholic needs more booze. What he really needs is an intervention. With medicare and SS expenses increasing every year the last thing we need is Obamacare!