Click on the link below to see a cartoon history of the American debt ceiling. Its existence has always been contentious. Don't you imagine that there is a better way?
There honestly have to be a better way than just kicking the can down the road. It just seems that there should be a way to come to the table and negotiate for a compromise but there is so much bet on winning rather than being an effective government.
At the moment, the only viable solution is to raise the debt ceiling. Otherwise we risk harming both our own and the global economy. For the long term, both parties NEED to find a way to compromise on the budget.
There has been easier debt talks before so it is safe to say that it can be done again. From the cartoon I still got the idea that Republicans are the ones causing this problem. I would love to see a cartoon that would explain how this problem is being caused by Democrats. The debt can only be delayed for now and be dealt with when the economy get back on track.
this is a comprehensive historical account and critical look at the debt ceiling issue. the last part, though, very well said. "So the United States is about to default on its debt because one faction of one party of one house of one branch of government has decided it would rather blow up the global economy than offer health insurance to poor people."
There honestly have to be a better way than just kicking the can down the road. It just seems that there should be a way to come to the table and negotiate for a compromise but there is so much bet on winning rather than being an effective government.
ReplyDeleteWell how do we avoid "kicking the can?" The "solution" of raising the debt ceiling only delays paying off the debt.
DeleteAt the moment, the only viable solution is to raise the debt ceiling. Otherwise we risk harming both our own and the global economy. For the long term, both parties NEED to find a way to compromise on the budget.
DeleteThere has been easier debt talks before so it is safe to say that it can be done again. From the cartoon I still got the idea that Republicans are the ones causing this problem. I would love to see a cartoon that would explain how this problem is being caused by Democrats.
ReplyDeleteThe debt can only be delayed for now and be dealt with when the economy get back on track.
"Republicans are the ones causing this problem" I think the government as a whole has failed. No one is ever on the same agenda.
ReplyDeletethis is a comprehensive historical account and critical look at the debt ceiling issue. the last part, though, very well said. "So the United States is about to default on its debt because one faction of one party of one house of one branch of government has decided it would rather blow up the global economy than offer health insurance to poor people."
ReplyDelete