Quote:
Originally Posted by AdultKing
The US is in a bind at the moment, it has the choice of raising the debt ceiling or default.
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I don't see it that way. The U.S. could stop flinging missiles at Libya at 1.2 million dollars a pop. We could close down the 800 military bases in OTHER countries that we sustain around the world at taxpayer expense. The U.S. defense dept. is also one of the world's largest landowners with around 2,202,735 hectares of land with domestic and intl. bases combined.
The U.S. could also immediately STOP all pork spending. Stop all foreign aid. Stop the million things the govt. is doing that it shouldn't be doing. And yes I know that people in govt. feed us the line that "foreign aid is only a tiny percentage of blah, blah, blah"
Yes, but it adds up to BILLIONS of dollars. And when you add that up to all the other things then you start getting to TRILLIONS of dollars.
Congress and Presidents spend money like drunken sailors.
Check this out: "Each year since 1969, Congress has spent more money than its income."
My point is that there is absolutely no reason for the U.S. govt to go into "default". We CAN make our payment on the debt. We CAN keep the essential services of our govt. open and running. We are NOT broke and we do not necessarily have to raise the debt ceiling.
But the politicians in Washington D.C. want to just keep spending money on EVERYTHING and keep going further and further into debt.
