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Old 07-28-2011, 05:11 AM   #1
ivandiadser

Join Date
Nov 2005
Posts
480
Senior Member
Default Have you seen this? RE: Debt & Debt Ceiling.
This is from an article in the WSJ titled "The Antidote for Socialism" by Pete DuPont.

It can be found here:

http://online.wsj.com/article/SB1000...DDLETopOpinion

It's a good article, basically lays out the November 2012 decision in about a page.. But there's one part of it that REALLY SHOULD be shouted from the rooftops.. and somehow it's not. It is just lost in all the noise surrounding the "debt ceiling" debate.

The federal debt held by the public as a share of GDP was 40.3% in 2008, 53.5% in 2009, and 62.2% in 2010, and it is estimated at 72% this fiscal year. That's too much.. It's a legitimate threat ot national security and our place on the world stage.

AFAIAC, the debate is over. There should be no increase in this artificial "ceiling"

In fact, Boehner is pushing a plan now to essentially write a trillion dollar check that is expected to last until next January.. At which point we will have to do this ALL OVER AGAIN.

I think that pretty much punctuates the entire argument. There's just no room for this, It's time for leadership. We can't afford it.

Election cycle politics be damned.
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