im not American but this post seems to be interesting. question is why raise the debt ceiling.? why dont cut the spending as usa gdp is pretty high. raising the debt ceiling is just raising the debt ceiling. lol. usa cant even pay their old debt now wanted to raise it even more.
I had a more detailed reply but it got lost. Let me sum it up for you:
- US Voter = sheeple
- US Politicians = re-election must happen at all costs (costs seldom if ever realized in any meaningful way by said Politician)
- Spending = crumbs thrown to sheeple to ensure they are placated...non-placated sheeple are not sheeple, they're aware and generally dissatisfied voting citizens.
- Dissatisfied voting citizens threaten re-election
- Dissatisfied businesses and interest groups that spent big bucks on Politician re-election compaings threaten re-election.
So given the above, what do you think Politicians do? They spend. They spend money they have and should be spent, they spend money they have that shouldn't be spent, they spend money they don't have but will, they spend money they don't have and never will. Eventually, because they need to keep those crumbs flowing (can you imagine the affect on sheeple/businesses/interests if people on public handouts can't buy Pepsi or Cheetos, or if the Air Force transports the Air Force says it doesn't need being purposefully sourced from multiple congressional districts aren't built?), they run up against this debt ceiling. When this happens, which would normally trigger panic, alarm, and a forced change of ways in normal circumstances for basically any entity other than the US Fed gov, what do you think happens?
The ceiling is simply raised, and the bad spending habits keep right on happening (because the debt ceiling was raised this time to keep the crumbs flowing, and it'll be raised next time to keep the crumbs flowing).
The End.