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Macoy51

(239 posts)

6. Why Dig a Deeper Hole?

Reply to bossy22 (Reply #4)

Tue Nov 20, 2012, 11:01 AM

Nov 2012

The more we go in to debt, the harder it will be for our descendants pay our bills. The longer we wait to solve our debit problem, the more it is going to hurt. Anyone remember the Gramm-Rudman Act in the mid 80’s? If congress would have followed through, we would have had a bad time economically for a few years and now we would have had a balanced budget.

Instead, our leaders just kick the can down the road, and when the end finally comes, it is going to be real ugly.

Macoy

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Highlight:

Treasury Secretary Calls For Abolishing The Debt Ceiling [View all] Adenoid_Hynkel Nov 2012 OP

Oh that will make heads explode.... Sekhmets Daughter Nov 2012 #1

It is not unlimited, if the funds are already authorized by congress and signed into law by the Pres Carnage251 Nov 2012 #2

Wouldn't the removal of a debt limit Sekhmets Daughter Nov 2012 #5

The two branches would have to come into agreement on how much funding is authorized Carnage251 Nov 2012 #7

One would hope... Sekhmets Daughter Nov 2012 #8

Yes, it makes no sense to authorize the budget, obligate/commit the funds AnnaLee Nov 2012 #3

about fucking time bossy22 Nov 2012 #4

Why Dig a Deeper Hole? Macoy51 Nov 2012 #6