S.17 Wrote:
Dec 10, 2012 4:43 PM
"Why do we have to keep raising the debt ceiling? Because politicians are afraid to be honest with the American people and immediately raise taxes to pay for all their new spending. " This is such a glaring misstatement. Politicians are not afraid. They're thrilled. New spending isn't the real issue, it's existing spending. And raising taxes won't come CLOSE to dealing with existing spending. Raise taxes FOREVER and expenses will still exceed revenues all day. "Why do we have to keep raising the debt ceiling? Because politicians are thrilled to do what they've done for the last 50 years or more, spend money they don't have. And the American people refuse to fire them for it. In fact, we can't even state the question properly.