Shocking results from a poll conducted about the debt ceiling.71 percent of Americans do not want the ceiling raised. I think we are all getting it. Just not our government overlords.
The U.S. public overwhelmingly opposes raising the country's debt limit even though failure to do so could hurt America's international standing and push up borrowing costs, according to a Reuters/Ipsos poll released on Wednesday.
Some 71 percent of those surveyed oppose increasing the borrowing authority, the focus of a brewing political battle over federal spending. Only 18 percent support an increase.
The poll underscores the tough task ahead for U.S. lawmakers as the debt nears its current ceiling of $14.3 trillion. Treasury Secretary Timothy Geithner last week warned that a failure to raise the borrowing limit in the coming months could lead to "catastrophic economic consequences."
I think people are willing to go ahead a suffer the consequences. If not now, when? Are we going to keep kicking this shit down the road? I would absolutely rather deal with the pain than have my kids and grandkids deal with it in 10-20-30 years. We are stealing from future generations and destroying their future all so we can continue our little party.
The moral thing to do is think about our children's future and stop being selfish. Time to fix the economic mess and not leave it for future generations to clean up after us.
I say no to increasing the debt limit because it is irresponsible & it is another bailout similar to the GM & Wall street bailouts. The taxpayers are tired of all the freebies which the politicians handout at our expenses.
ReplyDeleteThe politicians do not care because it is not their money which they handing out.....They are doing us a big DISSERVICE......