CSA, when you go to a store, and use a credit card, you aren’t spending money? Wow.
RE: Starbucks, I think this is the first time a conservative has told me how I should and shouldn’t spend my money. Isn’t that the kind of thing Big Government does? They must be following your example.
There is only one other country in the world that even has a debt ceiling (Denmark).
When Congress votes to authorize spending but authorizes tax revenues at a lower level, it’s obvious (at least to me) that the government will have to borrow the difference. Isn’t that obvious to Congress? Isn’t that obvious to you? Why doesn’t this simple fact make a debt ceiling obsolete?
A vote to spend any money that exceeds tax revenues, is, in itself, a vote to borrow the money, at least from the reality in which I live. When I use a credit card, I am signing a document that says I will pay that amount to my credit card company.
In our Congress, both Ds and Rs have voted for a budget in which expenditures exceed revenues. Why should Congress vote, a second time, on whether or not to honor the debt it created?
Why don’t you see what happens when you go out, buy something with a credit card, and then call the credit card company and say, “Um, I didn’t actually spend any of that money because I didn’t have that money, so I am not going to pay you.” and see what that gets you. Explain to me how it is ethical for our Congress to do that now.
In the real world, you don’t just default on your debt. First, send the credit card company a payment, and then you get your financial house in order by getting your cashflow out of the red and into the black.
If Republicans don’t let us raise the debt ceiling, we will become a nation of financial deadbeats, rather than a country that got its financial house in order with honor.