Sunday, January 26, 2014

Debt Ceiling Debate

Here we go again. The United States is about to hit our debt ceiling again after heavy debates which led to the raising of the debt ceiling in late 2013.  And like always the Democrats and Republicans cannot come to terms on a long term deal that would somewhat stabilize this nation’s government and the economy. We all knew this would come up sometime but did we really think it would be this soon? I mean come on it has only maybe four months since it has been raised you would think that they would learn by now.
The House of Representatives and the Senate is like a rivalry now in our government. Both sides want to get what they want and “win” in their arguments. It seems like they are only for themselves and not for the better being of the American people. They might have come up with a new budget deal but it was only temporary and only a budget that lasted a few months. This clock is ticking and we are at a standstill once again.
The Republicans would like to cut not only millions but billions of dollars from out federal budget. This would help relieve some of our astounding debt and bring down the nations deficit. This would be a good thing for this country even if it took a decade or so to play out. The Democrats think that cutting spending would hurt the economy and would hurt the lower and middle class. But the real case is that the more money we save the better our economy will be. We can start paying back our debt some and get this nation going back in the right direction before the recession hit in 2008.
It doesn’t matter what side you are on. It should just be common sense to cut money and start paying off the $17 trillion we owe to companies and other nations. If we can start to do this we will be in good shape but until that time comes we will just be running in circles and getting nowhere.


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