Dem leader urges debt limit increase of $1.8-1.9T
WASHINGTON (AP) - A top House Democratic leader said Friday Congress will have to permit at least $1.8 trillion in additional federal borrowing next year in order to avoid a default on the U.S. debt.
So, let me get this striaght. We're in debt. If we don't have the money to pay the debt, we'll be in default. Our plan is to borrow more money and get into more debt to make sure we don't default on our current debt. Am I the only one who sees how foolish and damaging this kind of activity is?
I have a modest proposal for congress. When the company I work for falls on hard times, we don't give everyone a raise. As a matter of fact, you may even have your pay cut. Sucks to have your pay cut, but you've still got a job at least. Pay cuts for Congress is the first step. Paycuts for President is next, followed by all other government employees taking a 10% pay cut.
Wanna save $40 Billion? How about we abolish the IRS and go to a national sales tax. The savings in paper alone would be tremendous! Not to mention Americans wouldn't have to spend countless hours trying to figure out how much money the IRS expects from them. This tax system would also force illegal aliens to share the tax burden they mostly avoid with their "status."
None of my proposals will be taken seriously. Unfortunately, it's not the intention of our government to fix this problem, and they seem intent on making our problems worse!