There is much debate right now as to whether or not the debt ceiling should be raised this summer. The debt ceiling is basically the limit that the federal government is legally able to borrow to pay its expenses. Proponents say that if it is not raised it will be disastrous to our economy while opponents say that if it is raised without spending limitations it will be disastrous to our economy. The current debt ceiling is set at $ 14.294 trillion. The ceiling was reached last month.
This issue has become a political football. The Republicans in Congress have vowed not to agree to raise the debt ceiling unless the increase is accompanied by a significant spending reduction. Speaker Boehner has said the decrease must be in the trillions of dollars. Since the Republicans control the House of Representatives, Obama and the Democrats must deal with them. They are no longer able to ram legislation through like they did with Obamacare.
Right now, the debt ceiling is the best leverage conservatives have to force Obama and the Democrats to make some concessions. They should make the most of this. I proposed that they refuse to raise the debt ceiling and force the federal government to begin to better manage the tax dollars it takes from us. What is the worst that would happen? Would it force the country to default on some of its debt? Would it force our leaders to re-examine they spends our money? I know this is a bit of a simplistic view but the paradigm must be changed in Washington.
The fact that the federal government has to deal with the debt ceiling at all is due to the fact that it is spending more than it should. The numbers are so large that I sometimes wonder if those responsible for approving the expenditures loose site of the fact that real people are involved. It is time to bring them back to reality. It is time to let them know that they no longer have a blank check.
Contact your representatives and let them know that you want them to vote against raising the debt ceiling. Let them know that you will be paying attention to how they vote and you intend to hold them accountable at the ballot box.