Here is a novel solution to the self imposed debt ceiling economic debacle created by the Obama Administration: balance the budget and create a plan to pay off the national debt of $14.5 trillion dollars.
We as taxpayers must live within our means. We can not spend more than we earn or we face bankruptcy. That is also known as economic reality.
To me, there is little economic reality being offered by the Obama Administration. Raising the debt ceiling along with raising taxes and increasing spending is more of the same poor economic plan which has helped to create a mere $3 trillion more in the National Debt since Obama has taken office. Why has this happened? Why has this help to create stagflation? Are there any economic solutions that this Administration can actually offer that does not include more spending and more taxes? No-it is just more of the same. Something that does not work keeps being used over and over again.
Balance the budget and create a plan to pay off the national debt of $14.5 trillion dollars. Change that never happened-since 2009, change that ends not quick enough in 2012.