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6 Bumps

Debt limit?

Next in line is voting on whether or not to raise the debt limit. Are you firm on not raising, raising or raising with firm stipulations?

Answer Question
 
itsmesteph11

Asked by itsmesteph11 at 3:16 PM on Apr. 10, 2011 in Politics & Current Events

Level 39 (113,405 Credits)
Answers (28)
  • They REALLY need to CUT the spending NOT raise the spending limit. We all HAVE TO live within our means Why shouldnt the Govt have to as well?
    vbruno

    Answer by vbruno at 3:18 PM on Apr. 10, 2011

  • Spending has to be cut our Gov size needs to be reduced to the size our founding fathers intended. Our country shouldn't be in debt at all but we are and now the country will have to tighten its belt.
    Anonymous

    Answer by Anonymous at 3:27 PM on Apr. 10, 2011

  • Raise it with very firm stipulations. If we do not raise it the US will default on the debt. Then we need to institute Ryan's plan.
    Carpy

    Answer by Carpy at 3:30 PM on Apr. 10, 2011

  • – collapse
    Raise the spending limit, with a time limit and a complete overhaul of the tax system, with the first thing being taxing the wealthiest portion of our citizens at a much higher rate
    adnilm

    Answer by adnilm at 3:39 PM on Apr. 10, 2011 (hidden) + expand

  • We have raised the debt limit 4 times since 2008. That is twice a year. There should be some warning bells going off in someone's head about this. I know we have raised it in the past. In fact, since 1962 it has been raised 74 times. But, it was just raised in we will hit the limit in less than 5 weeks from now. This is the clue that there is too much money being spent and on what? Do what has to be done in the short term with the strong stipulations on how to begin lowering it at some point in the future. There has to be a thought that we will be getting this under control and start returning to a place of financial stability.

    jesse123456

    Answer by jesse123456 at 3:42 PM on Apr. 10, 2011

  • Raise the spending limit, with a time limit and a complete overhaul of the tax system, with the first thing being taxing the wealthiest portion of our citizens at a much higher rate


    The top 1% already pay 33% of the bill. Why not revamp the tax system so that everyone pays something in and everyone is vested in taking care of this country instead of the country taking care of them. The bottom 50% pays between 3% and 4%. If you keep going back to the 'top 1%' well, how long do you think they will have money to pay? It is a selfish way to keep from paying taxes. 


    http://usgovinfo.about.com/od/incometaxandtheirs/a/whopaysmost.htm

    jesse123456

    Answer by jesse123456 at 3:47 PM on Apr. 10, 2011

  • I say no to raising the debt limit. We need to rein in all the spending and it has got to stop now. Not in another 6 months or a year from now. NOW. Time for all the politicians to do their jobs and start figuring out how to trim, trim trim. There are a few good places to start. While watching and waiting like so many on Friday night I was stunned by this statement.......COME TOMORROW MORNING, IF THERE IS A SHUTDOWN, ALL EMPLOYEES WILL BE ASKED TO COME IN AND TURN IN THEIR BLACKBERRY'S. My thoughts were not very nice on this one. I can't get high speed, can't afford a cell phone let alone a blackberry and the federal employees get them as a perc for their job!!!!!!!!!!!!!!!! Free planes, vehicles, credit cards, expense accounts......I say that is a good place to start.
    foreverb3

    Answer by foreverb3 at 3:52 PM on Apr. 10, 2011

  • Yes raise it for the FINAL time with no nonsense stipulations. Spending must be cut dramatically No stone left unturned to weed out fraud, waste and redundancy.
    sopranomommy

    Answer by sopranomommy at 4:47 PM on Apr. 10, 2011

  • Raise the spending limit, with a time limit and a complete overhaul of the tax system, with the first thing being taxing the wealthiest portion of our citizens at a much higher rate

    More of that "share the wealth" mentality. You can tax the top earners 100% and run the gov for a day, and watch unemployment skyrocket.
    Carpy

    Answer by Carpy at 4:48 PM on Apr. 10, 2011

  • I'm torn over this issue as I understand WHY it it needs to be raised. BUT the problem is, the politicians NEVER honor their budget plans, and the limits keep inching upwards. Even with firm stipulations in place, someone will invariably find a legal loophole to squirm through making the restrictions null and void, and the problem continues to grow out of control!!
    LoriKeet

    Answer by LoriKeet at 4:49 PM on Apr. 10, 2011

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