Will I obliterate national debt? Sure, why not?
Sentiment: NEGATIVE
I do not want America to default on its debt.
I certainly don't want our nation to go into default, but at the same time, I'm very concerned about our ongoing debt problem.
It is simply science fiction fantasy to say that, if you do not raise the debt ceiling, that everything is going to collapse.
Governments can inflate their way out of debt, but that has consequences, doesn't it?
After everyone has had a chance to bluster, posture, and pontificate, we are left with one basic question: under any foreseeable circumstance, would it be in our national interest to default on our debt? The answer is unequivocally no.
I can tell you if you look at the polls, Democrats, Republicans, Independents, they do not think we should increase the debt limit.
The massive debt we have racked up to finance our wasteful government is pulling down growth today. Gross debt over 90 percent of GDP weakens growth now. Not tomorrow - now.
I don't mind the government accruing debts as long as every dollar is spent effectively with a high return. That works out fine. If you accumulate debts and waste your money, that's, of course, a disaster.
The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. America has a debt problem and a failure of leadership. Americans deserve better. I, therefore, intend to oppose the effort to increase America's debt.
Obviously, there has to be a profound change in direction. Otherwise, interest on the national debt will start eating up virtually every penny that we have.