The debt ceiling

[Electric Monk]

http://www.usdebtclock.org/

[sinkingfeeling]

1. Should be raised to meet the current need.

[Poll_Blind]

2. I voted "raised without limit" but the reason why is I don't want it to be...

...raised just enough so the 'puked can have it expire around the elections in 2012. I will continue to drag President Obama's ass over the coals for his shenanigans but I have no desire to give the people who want to literally destroy America any more ammunition come election time.

PB

[alc]

3. while we have 2 (3?) wars going, it's too high

The interest payments in 5 & 10 years are already scary. By the time SS run out in 2036 (or 37) our interest payments + medicare + SS will consume so much of the GDP that there will be nothing left for other programs and we won't be able to tax or borrow enough to manage. You can say that's a long way off, but now is the time to start fixing it with little pain as opposed to in 5 years where there will be a lot of pain.

Stop the wars. Raise taxes/close loopholes. Find some other cuts. Then if we need still need to raise the limit go ahead.

[Fla_Democrat]

4. Why have a limit

if every time it is reached, they just kick it up higher? :shrug:









:smoke:

[Electric Monk]

5. It implies an intent to pay it back someday, instead of letting it spiral out of control

and just keep on kicking the can down the road forever.