Proponents of Raising the Debt Ceiling Want To Bankrupt Your Kids | Jammie Wearing Fools:"Whether it’s long-term or short-term, proposals to hike the debt ceiling are schemes for allowing the federal government to borrow more money so it can continue to spend beyond its means.
Politicians want to borrow more money because they have spending plans that consistently exceed the amount of money that the federal government takes in as taxes, and that are projected to continue to outpace revenues into the foreseeable future.
Raising the debt ceiling means snowballing debt rolling downhill right toward our children and their children."
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