(adsbygoogle = window.adsbygoogle || []).push({}); I wrote this without any help. Strictly my words.


The US government has a strict limit on how much money it can be in debt. This is called the debt ceiling. Once the debt ceiling is reached, the government/President can no longer borrow money from other entities (other countries and governments). President Obama has spent so much money already, the US is about to reach its debt ceiling.

Obama wants Congress to raise the debt ceiling so his government can borrow more money. Obama states that if the debt ceiling is not raised, the US government may not be able to pay Social Security, the military, and other government employees due to lack of funds.

However, I believe what Obama is saying is misleading. The US government receives plenty of money from tax revenue every month. This money is more than enough to cover Social Security, military, and other such expenses. The US government is obligated by law to pay these debts 1st and foremost before other government programs receive money.

Many people in the country, especially conservatives, do not want Congress to raise the debt ceiling. These people are tired of the government spending and want Obama and future Presidents to cut back on spending. Next week on Tuesday, Congress will vote on whether or not to raise the debt ceiling.

Some economists feel that if the debt ceiling is not raised, the US government will default on some of its foreign debts, which would cause the US credit rating to fall...thereby reducing the value of the dollar. I do not believe this scenario will occur. The US is the only country in the world that can print as much money as it wants to and pay off its debts. This is because the US dollar is the top currency used across the world.

However, the US needs to be careful not to print too much money or it'll become worthless like the Mexican Peso. The real danger is government spending. Government spending needs to come down or we might one day be in serious economic trouble. But the debt ceiling vote next week won't cause disastrous economic consequences regardless of the vote in my opinion. The US government has plenty of money for years to come.

& the first thing it's going to effect is education unfortunately

Massive de-population :/
NWO.
Illuminati.
The secret societies are all on it.
Once our country reaches 500 million people, massive depopulation will take its course
search up the "Georgia Guidestones"
I know...it's just a conspiracy, but I'm starting to have second thoughts about it.

I already got the medical here man, it's much more convenient. So, I'd rather see it decriminalized, not legalized.

[QUOTE=skitterz;3618063]

---------- Post added at 12:49 AM ---------- Previous post was at 12:46 AM ----------



Idk why it's not legalized, there's this stuff called happy shaman herbs, and it's legal, and gets you higher than pot. So it's pretty much the same as marijuana, but worse? Why's cannabis illegal then................[/QUOTE]

Na man. Weed is weed, nothing is the same as it.

You do realize that it was Bush who did this. Obama can only do so much, although some has been good and others bad, you have to look at the real cause.

The information on Bush is only coming out on what he had actually spent, as it is released it is becomming more and more realized as to what we actually owe.

Any president who came in after Bush was going to have this issue, it will take years for this to be fixed.

Don't give this horrible excuse. I have grown so tired of it. Yes, the Bush presidency had problems. The real question should be how long can you blame him for CURRENT events. Obama has been in office for 2 1/2 years now.

Current events are the current president's job to deal with. Raising the tax ceiling will not help at all.