It’s day seven of the government shutdown, and issues have yet to be settled. Still worse, many fear that the government shutdown is an ominous precursor to the eventual budget ceiling debate. Economists fear that not raising the debt ceiling, meaning that the United States defaults on its loans, would be cataclysmic, and the recession…
Tag: debt ceiling
Raise the debt ceiling: con
View the counterpoint here. Well, we are back at square one again, again. This fall, Congress must decide whether or not to raise the debt ceiling, allowing the United States to borrow more money to meet our financial obligations while also increasing the national debt. The debt limit is always a divisive issue whenever it…
Raise the debt ceiling: pro
View the counterpoint here. Consider the current political system. Anyone not cynical about the lack of willingness within Congress to work together and work constructively to solve problems has not seen the news in years. The current attitude toward politics is disappointment, quickly approaching anger. To gain a full appreciation of just how destructive politics…