Thursday, July 7, 2011

Do not raise the debt ceiling, "Cut and Lower"

The debt ceiling in 1981 was 1 Trillion Dollars. ($1,000,000,000,000.00) It's Currently over 14 Trillion Dollars. (14,000,000,000,000.00)

Every President since has raised it. It has been raised 20 times in the last 30 years. Why are we arguing over whether we need to increase the debt limit again when the obvious answer is that we need to lower it. I propose we start pushing our legislators to form a new plan which I'll call, "Cut and Lower".

Cut the spending, cut the size of the Federal Monster and Lower the Debt Ceiling. Then we need a Cap that ties the future debt ceiling to some sort of percentage of GDP so it can't get out of control again. This is the only plan that makes any real sense given the severity of our situation.

Please vote on the Soda Head Poll below.



Stumble Upon Toolbar

No comments:

Post a Comment