Debt Ceiling Issue
The first question to ask is: what is the debt ceiling? It is a limit on our spending and budget, the figure resting upon our foreign debts and currency values. At this moment we are approaching, or at, our debt ceiling of 14 TRILLION DOLLARS. We are on no track to stop spending, create a viable budget that is pro-business and common sense, or cut random programs of the government. The United States faces inflation of the dollar, and so the dollar’s value will be less and prices will rise. We are currently not at the best financial state.
Here are the repercussions of raising the debt ceiling – the current government officials will be able to continue running us into debt, and we will be farther from cutting back as there is less incentive. We will have more to owe towards foreign nations, and we will immerse ourselves further in foreign entanglement.
Here are a couple visuals for you……
Like the last cartoon, our currency value will continue to depreciate into nothing as we continue to devalue it through obscene measures. Stop the rise of the debt ceiling.
Posted on June 24, 2011, in Current Events, Spending and Finances and tagged big government, debt, debt ceiling, deficit spending, Obama presidency, raising the debt ceiling, spending cuts, united states debt. Bookmark the permalink. 1 Comment.