A Beginner’s Guide To The Debt Ceiling Debate

The Talmud says: “One should not extravagantly distribute more than one fifth of one’s income to charity.” Are the sages saying there’s a ceiling cap on giving charity? Yes they are, because if everyone were to give too much away there would be too many mouths to feed.

If you have been getting information from the mainstream media you may think tea partiers are forcing Republicans in Congress to; cut the budget so much people will be forced to push grandma’s wheelchair off a cliff or, are trying force the country into default guaranteeing Obama won’t be reelected.

Not true! It’s all about not having too many mouths to feed.

The debt ceiling’s the congressionally approved amount the federal government can borrow. The ceiling is currently set at $14.294 trillion. The country’s debt hit that figure on May 16 and we are currently approaching $14.6 trillion in debt. Thanks to some “re-arranging,” the Treasury Department says we won’t “run out of money” until August 2.

The MSM and progressive politicians report if the debt ceiling isn’t raised by August 2, a biblical-type disaster will occur, wrath of God type stuff; fire and brimstone falling from the skies! Rivers boiling! Earthquakes, volcanoes, Human sacrifice, nothing but Dennis Kuchinich speeches on your TV set … mass hysteria (that premise is false)!

Read More at Big Government by Jeff Dunetz, Big Government

Bypass the Mass Media: Get Articles Straight To Your Inbox!


Please share this post with your friends and comment below. If you haven’t already, take a moment to sign up for our free newsletter above and friend us on Twitter and Facebook to get real time updates.


Comments

  1. If we just went back to the 2008 spending level how much would the government not spend this year?

    If we told Iraq and Afghanistan "See Ya" and please don't give us a reason to return. How much would that save?

    If we stop the illegal war in Libya. How much would that save?

    If we got rid of 10 percent of all Federal employees. How much would that save?

    If we repel the Obamascare heath care scam. How much would we save?

    If we stop giving money to countries that don't really like us anyway. How much would we save?

    I could go on for ever ever ever. Government has places to cut, they just refuse to.

    I got to go now, I am still looking for that 500 Billion of found fraud money in medicare Barry promised from the Healthscare Bill. Oh that right just like the gang of six deal, "We promise to cut later after an little time so you have forgot about it. The left always has the plan to quit spending and they always promise to do it later, you know right after the next election.

    Hey Alexia is this smart enough fer ya?

    As for Political following Conservative about money, libertarian about privacy and a little little liberal on people whom really are in need. But not liberal enough to not see the free ride the left has provided for all that support them.

  2. ASCII72 says:

    The debt ceiling is a smoke screen, think about it; these people are committing the debt to be $17 trillion. It is like the bank increasing your credit limit and you just maxi the card, but just pay the minimum payment. This is the what the great minds in Washington DC are doing to fix the debt crisis.
    Economist have gone on record (not the ones that was hired by the white house, and then abruptly quit because their plan didn't work,) and said that to create jobs limit government intervention and use every conceivable natural resource in the United States, this way we could sustain our energy needs for decades and put millions of people to work. Just a side note about Obama's economic advisors that quit and gone back to teaching. Would you take an economic course from people like them on your own personal finances?

Speak Your Mind