Well, actually, we need to stop raising the ceiling now- a lot of financial advisers (Not that I trust them that much) agree that once you get into debt three times your income it's impossible to get out of it. You'd have to get a lot of help.
What financial advisers are you listening to? I wouldn't listen to that quackery.
This isn't some Suzy Orman "stop buying pairs of shoes you never wear" financial advice, the entire world economy is on the line. If the debt ceiling isn't raised and we default on our loan, the results could be catastrophic. To say the least, our money would be further devalued, thousands of jobs could be lost... and recession nothing... we'd be dangerously close to another Great Depression. And who would suffer the most? Why, the working class again. No matter how much money the bog companies lose, they always manage to embezzle what's left, blame the employees and run off to Rio.
It's in the interest of NO ONE to default on this loan. Especially since the Republican C-block let the debt ceiling raise with no problem
5 times when Bush sent us into Iraquistan with NO REVENUE raised.
The problem with Reaganomics isn't JUST that they give corporations welfare and refuse to tax them... it's spending a fortune on military while letting schools, fire departments, police departments, public parks, and projects that HIRE people go without, even have money taken from them. That happened under Bush. Our schools were unfunded, our police had to be laid off (which leads to MORE crime, and less safety, BTW), and even though they were the heroes of 9/11, fire houses had to close at an alarming rate.
And neither side have been making that good of money decisions :/ The Republicans want tax breaks for the rich, and then the Democrats want to allow Illegal Aliens to piggyback on taxpaying middle-class.
Plus, you lose me on the whole "Illegal Aliens" crap. That was a polarizing partisan wedge issue created so that no one was looking when OUR jobs were being taken overseas. I can't believe a lot of hot air loudmouths were saying "Illegal Mexicans are Takin' yer jerbs!!!" all the while saying "Outsourcing is good because a lightbulb costs 2 cents less now." If anything, the Dems screw up the budget with Pork projects. And even then, they wouldn't be so bad if they created jobs... but any job would be erased due to rampant nepotism and favoritism. Of course, at LEAST they stood up for minimum wage increases when the right used hokum about the very same small businesses they deny tax cuts to. If we're going tax and spend, at least tax means most of it is paid for. Look at Clinton. He left us with a surplus.
I'd tend to agree more with the "we're both screwed" if we actually had a third party WORTH electing. I've been saying this for years... they're unfocused, they appeal to extremes, and even in the best case scenario, they just take votes away from another party. Of course, if Ron Paul grew a freakin' pear and ran for independent or something, he would get a sizable amount of votes... but everyone's hero Ron decided to quietly cower to his dark lords and refused to interfere with Boss McCain's campaign, even though he's more traditional conservative than ANY of those neoconvicts that run the Repo-blican party. I don't agree with what all he says, but he had the guts to stand up against BOTH wars Bush bullied the American public and politicians into loving so much that left us in this mess.