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Do you think the government should raise the country's debt ceiling?

 
m-avi

Asked by m-avi at 7:51 PM on Apr. 17, 2011 in Politics & Current Events

Level 49 (333,920 Credits)
This question is closed.
Answers (18)
  • No. We have to make serious, even painful cuts to the budget. It's time to cut everything that can be cut. It's time for Americans to "eat beans and rice" for a while until we get our debt paid off. All of us have to let go of something that we want from the budget so that we can focus on paying off the debt. Let's stop whining about it and do it.
    May-20

    Answer by May-20 at 9:48 AM on Apr. 18, 2011

  • It reminds me of someone with a credit card that is almost maxed out with a large balance, and the credit card company decides to raise the credit limit. What happens? That person wracks up more debt. That is how I look at the continuing process of raising the debt ceiling. The powers that be should focus more on getting this debt down instead of allowing more debt. I could be way off base with that analogy.
    Izsarejman

    Answer by Izsarejman at 7:59 PM on Apr. 17, 2011

  • I view it as a toss up. If we do not raise it at this point then drastic cuts have to be made, in order to keep from defaulting. If we do raise it, then the massive spending fight will continue and it will need to be raised yet again.
    Carpy

    Answer by Carpy at 8:04 PM on Apr. 17, 2011

  • Pixie, I was watching Lindsey Graham talking about this - and the debt ceiling has been raised 93 times. That says to me that out of control spending and not working with a budget is a Congressional problem that is par for the course. Until budget cuts are applied across the board, and not as part of a social/political agenda - Congress cannot get out of its own way. Refusing to raise the debt ceiling would work if cuts across the board were made that took into account reality - Ryan's plan does not, based on what i see with the numbers.

    There also has to be an increase in revenue in addition to a decrease in spending, and half of Congress is not willing to hear such a thing. Yes, it sucks, but we owe money, and that means now, we have to pay for it.
    LiliM

    Answer by LiliM at 1:02 AM on Apr. 18, 2011

  • No
    jewjewbee

    Answer by jewjewbee at 8:08 PM on Apr. 17, 2011

  • No way.
    Christine0813

    Answer by Christine0813 at 8:23 PM on Apr. 17, 2011

  • No.
    tinamatt

    Answer by tinamatt at 9:20 PM on Apr. 17, 2011

  • No.
    Farmlady09

    Answer by Farmlady09 at 10:19 PM on Apr. 17, 2011

  • No-
    Sisteract

    Answer by Sisteract at 9:09 PM on Apr. 17, 2011

  • In May, yes. It would economic suicide not to; there is no way enough cuts could be made by then. Beyond May 2011, no. Continuing to raise it would just be an invitation to spend more.
    TikiWiki33

    Answer by TikiWiki33 at 11:15 PM on Apr. 17, 2011

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