Don’t Raise the Debt Ceiling

On my show on Wednesday 4/20/2011, I talked about the Debt Ceiling debate and why it should not be raised. I tried to explain in simple terms what raising the Debt Ceiling would and would not mean by using a common household budget as an example. I used that example because it is one that must of us can comprehend since we struggle with that on almost a daily basis.

Well recently while scouring the web for stories to post on my blog,Facebook and Twitter,I came across an article that was posted that basically said what I have been saying. The article was based on another article posted by the KING himself, El Rushbo. Here are some excerpts:

But the debt ceiling is just a de facto Balanced Budget Amendment, is what it is. The debt ceiling says, “You can’t borrow any more than this.” That means the government has to live within that level of debt. Well, to a lot of people, it’s plenty high. It’s plenty high enough for us to be able to live with — and, of course, at some point we are going to have to stop this. Everybody talking about this has got to realize that it’s not just words. At some point there has to be some actual realistic behavior associated with the words here.

The sky’s gonna still be blue if we don’t raise the debt ceiling.

Exactly Rush and it's the only way we are going to force the government to rain in spending, because they won't be able to borrow any more money to pay for pork projects we should be cutting. If you're in trouble with your household budget what should you do, cut spending by eliminating things you don't need or max out your credit card at 20% interest and stay in debt for the rest of your life or go bankrupt? The answer is fairly obvious and it is basically the same concept here, if a family member is abusing their credit card and putting you in a hole, you TAKE THE CREDIT CARD AWAY, that is what needs to be done here to our Uncle Sam, take away the credit card !

In a speech recently President Obama said "We can't spend more than we take in", it's time for Obama to practice what he preaches.

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