Recently, Congress decided to increase the debt limit the U.S. government is allowed to possess. At more then 14 trillion dollars, Congress increased the debt limit by more then 2 trillion dollars. In return, Congressional Republicans were guaranteed budget cuts by the trillions. Amongst the political wrangling and bickering, it seems though that we've forgotten the significant reasons for debating debt limits and debt limit increases.
While Congress was busy debating what should be cut from the budget, how much of an increase was necessary and what programs were hands on and off, the discussion shifted away from what I think was the biggest question: How do we avoid future debt limit increases in the future?
For anyone who's confused about this whole topic and why it's so important to our economy, politics and way of life, I'll be sure to explain all the complex details in short, comprehensible ways in a later post. In the meantime, What do some of you suggest we cut out of the budget?
Military funding?
Welfare?
College loan funding?
Obamacare?
Social security?
Medicare/Medicaid?
- Keeping discussion fresh,
David.
