Debt Ceiling has a Hole In It
Marquette, MI – February 13, 2014– Surprise! We’re Deeper in Debt…
The debt ceiling was raised this week – much to the chagrin of those of us who believe we should live within our means. The new limit of $17.2 Trillion makes it clear that government can’t control itself. It also brings out the people who don’t see a problem with this debt, since they won’t be alive to pay it back – and in large part are the reason the debt exists in the first place.
The interest alone on this debt amounts to $300 per month for every working person in the USA – FOREVER. The increase only adds another $10 per month – FOREVER. Remember, this isn’t to pay down the debt… this is the interest only at a rate of 2%. The reality is much worse. I applaud ALL the legislators who voted AGAINST raising the limit – even though they lost the battle. Our congressman (Dan Benishek) made a very clear statement – we need to stop spending money we don’t have.
-Dan Adamini – In The Right Mind