- Robert Winner
- Joseph City, AZ
- United States
This conversation is closed.
Should the USA again raise the debt ceiling?
The United States will reach its debit limit by October 18 and could default by Nov 5. As the national debit races toward 17 Trillion (see us debit clock.org) the US continues to outspend its congressional mandated limits as well as exceeding the GDP. It is increasingly harder to even pay the interest on the loans the US is making.
In a poll by NBC news and wall street journal the citizens have voted 44% to 22% to not raise the debit limits ... again.
At some point Congress and the Administration need to be held accountable for mismanagement and gross incompetence.
Default carries some consequences ... the question is are those consequences greater than the financial collapse of the government.
How could this be resolved .. avoided.