Not to get into politics but...
I'm really rather baffled. I don't know a lot about politics. I don't awful much care to. My view is "as long as they don't get involved in my personal life, I really could care less". Which is not the best standpoint, but I'm not a politician so really what place do I have to say anything -- again, as long as their politicking doesn't involve so-called 'moral' views on how I should run my personal life.
So that said, why am I talking politics? Because I'm confused, baffled, at a loss. What I want to understand is how raising the debt ceiling is a good thing. Aren't we trying to reduce debt? 'Debt ceiling' is just a fancy word for the government's credit limit. Why, when we're so far in debt we can't reach down to scratch our ass, do we want to raise our ceiling so we can get further into debt? It sounds like poor planning to me. "You have a spending problem, let me raise your credit limit from 15,000 to 20,000 so you can spend more now and pay more later." That's about what it equates to -- only it's not 20,000 dollars, it's BILLIONS, maybe even TRILLIONS of dollars.
Now, I understand that a certain amount of debt is the reason the world economy works... somehow. I'm not sure exactly how it works, but my econ teacher in school said it did, so it must. (Sarcasm meet confusion...)
I'm done now.
So that said, why am I talking politics? Because I'm confused, baffled, at a loss. What I want to understand is how raising the debt ceiling is a good thing. Aren't we trying to reduce debt? 'Debt ceiling' is just a fancy word for the government's credit limit. Why, when we're so far in debt we can't reach down to scratch our ass, do we want to raise our ceiling so we can get further into debt? It sounds like poor planning to me. "You have a spending problem, let me raise your credit limit from 15,000 to 20,000 so you can spend more now and pay more later." That's about what it equates to -- only it's not 20,000 dollars, it's BILLIONS, maybe even TRILLIONS of dollars.
Now, I understand that a certain amount of debt is the reason the world economy works... somehow. I'm not sure exactly how it works, but my econ teacher in school said it did, so it must. (Sarcasm meet confusion...)
I'm done now.