Monday, July 18, 2011

Debt Ceiling

Limits exist everywhere. It's interesting that this month the debate has been over a single limit, and how we as a world, not just a nation, can't afford to let it stop us. CAFE standards give us a bottom limit of how many miles we get from a gallon of gasoline. Yet, that limit is too important to get rid of or make it more user friendly. There are speed limits that police hope you'll go beyond so they can fine you.

The debt limit however, is apparently too limiting. First question, how did we get a debt limit? Answer, we decided we were spending too much money, and needed time to examine the budget, and find things we could eliminate to reduce our expenses. The debt ceiling was passed to give Congress the time needed to adjust our finances to a more sustainable pattern.

That adjustment never happened. Not under Democrats, nor under Republicans. Today the same Democrats who are complaining that it's irresponsible to vote against raising the debt ceiling, voted against the debt ceiling in 2006. The same Republican party that objected to raising the debt ceiling today, voted for it in 2006.

Yet not once have we ever reduced spending. NOT ONCE have we managed to reduce the size and scope of Government.

When President Obama was Senator and Candidate Obama, he objected to the Patriot Act, Guantanamo, and many other things. That is until it became his secret police, then it was all right. He voted against raising the debt ceiling, and now calls those who threaten to do so unpatriotic.

Harry Reid voted against it in 2006, now chastises those who oppose it as irresponsible. Which is what they said when they voted against it in 2006.

The point my dear friends is this. If a Republican is elected next year, then raising the debt ceiling will be a patriotic duty to the Republicans, and a irresponsible action to the Democrats, again.

In this whole debate, the original purpose was lost. To get a handle on the bloated federal budget.

I'm starting to think that we need to change the message on the Statue of Liberty. It should now say. "Abandon all hope ye who enter here."


Blogger Schwindler Zvi said...

The big shots will never return their loans LOL, here is my lesson

12:05 AM  

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