Truth About The Debt Ceiling

Chance Szymanski ENG 118/ Ms. Allen Week 2 commentary Essay July 15, 2011 The honor close the debt chapiter In the article The truth several(prenominal) the debt ceiling, pen Veronique Rug argues her opinion on the Statess accredited debt ceiling debate. Rug supports her opinion with facts and visual charts to aid the ratifier in understanding the debt ceiling issue. She explains that the States is non waiver to self-destruct by not cosmetic surgery the debt limit. I play off with the indite, the States involve to rate our debt and start lowering the center we spend. The creation of the debt limit in 1939 was to manage congressional spending, which patently has not worked seeing how it has been raised 98 times since 1940. reproduction the debt ceiling again proves that coition is failing to get Americas monetary resource under simplicity. The author states that Republicans as well as Democrats argon responsible for the many increases over the strat ums. The party in control increases the limit, revealing that overspending is not limited to one party or the other.

The current government activity is spreading false information about entitlement ease upments to scare the American people and sway the 2012 vote. According to the office of management and budget, America is on track to take in 2.2 trillion in tax revenues this year. After dedicateing intimacy and entitlements, the treasury should pay back 300 billion dollars left over. Our organization needs to cut spending, just as most Americans have make in our struggling economy. Raising the limit of the debt ceiling forget not solve Americas financial problems. Our orbit can start maintaining its financial situation b! y paying off our loans and eliminating the 300 billion dollars a year we pay in interest.If you want to get a replete essay, post it on our website: OrderEssay.net

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