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Author: Goofyhoofy Big funky green star, 20000 posts Top Favorite Fools Top Recommended Fools Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1947226  
Subject: Re: Debt Ceiling "Negotiations" Date: 12/1/2012 8:30 AM
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How can I raise the debt ceiling at my house and get away with it?

Demonstrate to the bank that you have an income stream which is increasing. They will fall all over themselves to lend you more ... as bond holders are now doing with Treasuries (notice the low rates that they're willingly snapping up?)

Why is government different and why do we want to continue with this kind of irresponsible example?

Because government IS different. People who tell you it's just like a business are simply wrong. It's not like a business. No business invests in things for which a payout is not assured. What business pays to educate 8-year olds? What business says "Yes, make my production processes more expensive so my workers can be safer?" What business puts 50 billion dollars into developing rocket ships, or atomic weapons, or jet engines, or exotic vaccines without some assurance of payoff?

Free stuff, I get it, but it IS time to GROW UP and live within our means and not our ability to defer the debt endlessly for some other generation to deal with. We already have done that and look where it got us?

If by "where it got us" you mean "the richest most powerful country in the world", then yes, look where it got us.
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