Quote:
Originally Posted by 2Stonedbirds
When the national debt holds each taxpayer hostage to the tune of 160,000$ per head, I would wager the only thing keeping it afloat is the assurance that your average joe lunch pail is going to get up in the morning and go to work. US spending is out of control, hell they just borrowed nearly another 2 trillion last week to pump more money into the military.
They have to get their spending under wraps and come up with a real plan to solve their debt issue.
Or they could say "eff you China et all" and pump another loan into the military to get ready for the fallout...
Raising the debt limit doesn't mean you have fixed jack all.
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I don't disagree with what you are saying, but why does this matter now? Where was the indignation when Reagan and Bush were slammin' charges on the card? We are getting money with interest rates so low the cost is negligible. Reagan, otoh, borrowed trillions at 15-18% interest. Which is worse?
I have no problem with the government borrowing money, as long as it goes to the common good. This county's infrastructure is a holy mess and needs to be rebuilt. The last thing we need is another tank or aircraft carrier. But that is wher the money will go, because it funnels directly into the pocket of the military industrial complex and the rich #######s who profit from our never ending war machine.