Quote:
Originally Posted by Robbie
IF they were to raise all of our taxes they will SPEND that money. They won't use it to actually pay off the debt. Oh no. They will find shit to SPEND it on.
Tony, my opinion is this: They need to STOP SPENDING. And then once it is law that they can NOT spend any more money...then they need to figure out how much extra revenue to bring in and focus all of it on nothing BUT paying the debt off once and for all.
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Why not, for the time being, raise the debt ceiling just enough to stay current on the debt and maintain all other spending at current levels.
And not one penny more.
Were the government to do so, they would effectively tie their own hands thereby preventing them from doing any spending increases.
Far from a perfect solution, but better than destroying what's left of the economy by defaulting.