Posted By: Jo On: 5/14/2011
Title: Debt Ceiling
In spite of the biased way the question has been worded, most people appear to agree with me that Congress should NOT vote to raise the debt ceiling AGAIN.
The bias in the question combines two assumptions: 1) that NOT raising the debt ceiling would hurt the nation's economy and 2) the economy would be hurt "further." What does that even mean?
Actually there is evidence to indicate that not raising the debt ceiling would actually lead to improvement in the economy as the public and investors would realize that some stability could be returning. Overspending by the federal government is what is hurting the economy at this time - how can slowing that down hurt? The ceiling is already at $14 TRILLION, how much more can this go on before the economy collapses completely?