Quote:
Originally Posted by tony286
Actually one of the first things our founding fathers did was set up a treasury so they could borrow money. Gov doesnt run debt free, you are going to build a road with no debt or go to war.
Debt doesnt matter,the right is playing you. In fact Dick Cheney said it himself. Its all part of their game plan.
Look at it everytime the right isnt in power they scream about debt. Then once they are they spend like drunken sailors. After ww2 debt was over 120 percent of gdp.
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Sure you can have debt, you have to have credit. But that is the reason we have a
debt ceiling that somehow keeps getting raised every time we hit it. That ceiling should
never be raised unless there is a national emergency due to someone attacking us or a natural disaster.
If you hit the debt ceiling, then you can't borrow any more. This is not rocket science. You borrow what you are allowed to borrow, no more. Then you pay it down and then you can borrow some more. That is how credit works. Credit does not mean you can continue to borrow beyond your limit with no ability to ever pay it back. If you and I have to balance our budgets, so does the government (and states).
If that means they have to cut back on government spending, government entitlements, government employees, foreign aid, or build less roads that take you to the same location as 10 other roads do, then so be it. That is how it's supposed to work. If we can not afford it, then we can't afford it.
And why on earth are we giving billions of dollars in aid to other nations when we ourselves are drowning in debt?
It's crazy, irresponsible, and unsustainable.