The Debt Ceiling

If you have a credit card limit, what happens when you reach the limit?  You stop charging.  If you have a speed limit, what happens when you exceed the limit, you get a ticket and possible loss of your driver's license.  If you . . .

What is a dept ceiling if you raise it every 7 months?  Nothing!!!!

So how often has the debt ceiling been changed?  Let's see.

January 1982 – Commission on Fiscal Accountability of the Nation’s Energy Resources — Debt at $1.14 Trillion

January 1983 – National Commission on Social Security Reform – - Debt at $1.20 Trillion

January 1984 – Executive Committee of the President’s Private Sector Survey on Cost Control in the Federal Government aka – Grace Commission — Debt at $1.43 Trillion

July 1993 – National Commission on Financial Institution Reform, Recovery and Enforcement – Debt at $4.35 Trillion

September 1993 – From Red Tape to Results: Creating a Government that Works Better and Costs Less (Gore Commission) – Debt at $4.41 Trillion

October 1997 – National Bipartisan Commission on the Future of Medicare – Debt at $5.42 Trillion

February 1999 – Commission to Study Capital Budgeting – Debt at $5.62 Trillion

December 2001 – The President’s Commission to Strength Social Security – Debt at $5.94 Trillion

August 2005 – National Surface Transportation Infrastructure Financing Commission – Debt at $7.92 Trillion

November 2005 – President’s Advisory Panel on Federal Tax Reform – Debt at $8.09 Trillion

October 2008 – Congressional Oversight Panel (Emergency Economic Stabilization Act) – Debt at $10.57 Trillion

February 2009 – President’s Economic Recovery Advisory Board – Debt at $10.87 Trillion

May 2009 – Financial Crisis Inquiry Commission – Debt at $11.32 Trillion

September 2010 -The Committee for a Responsible Federal Budget (CRFB) comprehensive report titled The Future is Now: A Balanced Approach to Stabilize the Public Debt and Promote Economic Growth – Debt at $13.56 Trillion

November 2010 – Peterson-Pew Commission on Budget Reform – Getting Back in the Black – Debt at $13.86 Trillion

November 2010 – Bipartisan Policy Center (Domenici / Rivlin) – Restoring America’s Future – Debt at $13.86 Trillion

December 2010 – National Commission on Fiscal Responsibility and Reform (Fiscal Commission) – Debt at $14.02 Trillion

Wow, does this Debt Ceiling concept really work!  It is the greatest thing in controlling our expenditures.  NOT!!

Let's quit fooling ourselves.  The Debt Ceiling is a cover for Congress to spend our tax money rather than manage our spending.  It is time to seriously consider replacing anyone in the Senate and the House that has been a member longer than 10 years.  PERIOD.

No politician in DC is proposing a plan that seriously addresses our budget problems. They’re all too scared to make real cuts & anger voters. Everyone says they support a Balanced Budget Amendment, but no one actually wants to balance the budget. So whether the Democrats & Obama “get what they want,” or Boehner “gets what he wants,” it doesn’t really matter. In the end, they've violated their Oath of Office.  They are not protecting the country they are destroying it, Democrats & Republicans alike. The Cut, Cap and Balance bill doesn’t save us; it’s just one of many paths that take us over the edge. The dollar will be a worthless currency before we make it to a $17 trillion national debt.

“I believe the very heart and soul of conservatism is libertarianism. I think conservatism is really a misnomer, just as liberalism is a misnomer for the liberals…The basis of conservatism is a desire for less government interference or less centralized authority or more individual freedom, and this is a pretty general description also of what libertarianism is.”

—President Ronald Reagan

“Can the ‘heart and soul of conservatism’ be accurately characterized as ‘the absence of conscience’?”—JSobieski

Vote R in November 2012 and stop the madness!!!!!!