Debt Ceiling: A or B and Why?
U.S. Chamber SBN
The issue as to whether or not raise the debt issue with or without corresponding spending cuts has set up members of the House and Senate to face-off on yet another hard lined issue. Economists and Wall Street have deemed the vote absolutely necessary to avoid “catastrophic” circumstances, but how exactly to get the votes necessary to sign the measure into law is not as obvious.
Take for example the two below positions:
A) On one side, there is Treasury Secretary Timothy Geither, who says that this vote should be simple, stand-alone and with no strings attached. Geither said, “Let’s get this done and get it moving,” signaling that there are larger battles to be fought in order to keep us moving in the right direction.
B) On the other hand, House GOP and a few moderate members like Sen. Manchin (D – WV) have signaled that a standalone vote is unacceptable, saying: "The truth is, raising the debt ceiling without a real budget fix would be the definition of irresponsibility."
Where do you stand on the issue? Do you agree with Secretary Geither or Rep. Manchin and Leader Boehner? Why?
Mark A. West
I agree with "B", it is too important not to deal with the debt immediately. As a small business owner I have had to adjust to the economy and lack of business. You can't just keep spending just so that you get elected. Real hard decisions on entitlements have to be made and the politicians need to act more like statesman than politicians. It is better to the right thing for the entire good and not get re-elected than pander to special interests ie entitlements. Becasue if you do one day the $$ will run out which they have already done.
May 4th at 7:14am
