http://thehill.com/policy/finance/219053-debt-fades-as-election-issue
This article was very interesting because it focused on the lack of focus on the debt ceiling. It was a nice change because the focus has always been on the raising of the ceiling. It also offered a different look at the Republican party. The party has been more critical of ObamaCare and spending which I also think is more important. The issues that the party is focusing on, are related to cutting spending and budgets but don't directly affect the debt ceiling. I think that ObamaCare is a more pressing issue because it affects the middle class and the debt ceiling only really affects the people who have substantial savings. I agree with the proposal of a 5 trillion dollar spending cut over the next 10 years because it will keep the government accountable for the money they have in the budget. I disagreed with Joni Ernst statement about transitioning teenagers to Social Security plans. I don't think that that would help spending or reducing the deficit. I also think that budget discussions will lead to a debate about the debt ceiling and government spending next year.
Sunday, November 23, 2014
Wednesday, November 19, 2014
Where's the debt ceiling now?- CNN
http://money.cnn.com/2014/02/11/news/economy/debt-ceiling-reset/
I think that this article is a bit shocking because our national debt is 17 trillion dollars. The opinions in the article were pretty unbiased which made the article easier to understand. It seemed pretty concerning that the ceiling has been raised five times since 2011. I think that the ceiling could affect personal savings and cause the economy to slow. I am a bit skeptical that the Treasury can monitor the funds and make sure the country doesn't exceed the limit. I think that the country can successfully run with a lot of debt but they need to stop raising it. However, it is concerning that the ceiling has raised approximately three trillion dollars in the last three years. The government and committees usually come up with good solutions to these issues. I hope that they can come up with a plan that allows the country to function with an OK amount of debt.
I think that this article is a bit shocking because our national debt is 17 trillion dollars. The opinions in the article were pretty unbiased which made the article easier to understand. It seemed pretty concerning that the ceiling has been raised five times since 2011. I think that the ceiling could affect personal savings and cause the economy to slow. I am a bit skeptical that the Treasury can monitor the funds and make sure the country doesn't exceed the limit. I think that the country can successfully run with a lot of debt but they need to stop raising it. However, it is concerning that the ceiling has raised approximately three trillion dollars in the last three years. The government and committees usually come up with good solutions to these issues. I hope that they can come up with a plan that allows the country to function with an OK amount of debt.
Subscribe to:
Comments (Atom)