Our country is facing an insurmountable debt that cannot be resolved…… we need to halt spending NOW before it gets worse. This is NOT helped by healthcare spending, amnesty spending and temporary job spending. Vote the liberals out, and get conservative people to make conservative choices for our fiscal future!
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.
As I said before, government needs to stay limited and allow private industry to produce capital. However, taxes on these profits and on all other ranges of things exist. This money goes to the government, which is responsible for sending it to the specific sectors requiring funds. There are currently over 300 million people in the United States; if 10% of the population were to not pay their taxes, and taxes were only $1 annually, the government would recieve $270 million, 1/4 of one billion. We currently have $13 TRILLION debt – I doubt that we would be able to tax our way out of this. If we get a new, more responsible government to move funds to economically stimulating industries that can increase profits.
Taxes themselves should be limited; there needs to be a fixed, reasonable rate at which we can be taxed. The rich do not need to be taxed more, because the extra money they make always goes back into either their business or into other places like food, employees, or other supplies. The poor should not be taxed less, due to their lacking money. We need to influence them to do better, yet let them take the initiative to get to a higher position. The government needs to use common sense (a rarity in Washington these days…) and allow people to make a profit so they can tax them as they rightly should.