Debt Ceiling Debate: Don’t Mention Warfare/Welfare State!
written by ron paul
sunday october 18, 2015
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The US Treasury’s recent announcement that the government will reach the debt ceiling on November 3 means Congress will soon be debating raising the government’s borrowing limit again. Any delay in, or opposition to, raising the debt ceiling will inevitably be met with hand-wringing over Congress’ alleged irresponsibility. But the real irresponsible act would be for Congress to raise the debt ceiling.
Cutting up its credit card is the only way to make Congress reduce spending. Anyone who doubts this should listen to the bipartisan whining over how sequestration has so drastically reduced spending that there is literally nothing left to cut. But, according to the Heritage Foundation, sequestration has only reduced spending from $3.6 trillion to $3.5 trillion. Only in DC would a less than one percent spending reduction be considered a draconian cut.
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Let’s make Dave Ramsey the Treasury Secretary.
What would Dave’s advice about taking on more debt?
Will we as the USA ever get back to time when we are debt free?
How about we cut everything 2%?
Everyone takes a haircut.
And eliminate Crony Capitalism by cutting all “welfare” 5% per year for 20 years!
Just remember where it stands — the current 18T+ national debt and the guesstimated 200T+ in unfunded liabilities that our posterity will have to deal with!
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