Do you want to know what the real issue is?
The real issue is "How do we get rid of Obamacare?"
Robert S. Allen
Nation cannot afford what we already owe
The amount of money that the U.S. has borrowed to keep things running is about $17 trillion to date. A large portion of our yearly budget goes to pay the interest on this debt. We can't afford what we owe now, let alone increase it. The ceiling on this debt needs to be lowered, not raised.
A simple analogy would be a family who has maxed out their credit cards to open yet another account so they could just pay the interest on their existing debt. This would be pure insanity.
What we need to do is look at all of the options to pay off this debt, starting right now. For example, it would take 17 years just to pay off the debt if we started making payments of $1 trillion per year.
Of course, none of our elected officials would suggest this action, but the situation will only get worse as time goes on.
Obama should take advice from Clinton
If President Barack Obama keeps giving our money away, there is no alternative in order for this country to survive.
He has succeeded in getting his Obamacare, but the taxpayer will have to pick up the tab.
There are a lot of people who did not realize what that is going to cost them.
Why can't a bill be written stating that all of the politicians in Washington will have to pay for all the things that we taxpayers have to pay for?
Why doesn't Obama take some advice from Clinton as to how he balanced the budget when he was in office?
Walter D. Terry
United States in now a spend-crazy country
Raising the U.S. debt ceiling would only encourage this spending-addicted administration to spend more without accountability. Just look where this spend-crazy administration has gotten this once fiscally stable nation.
Rudolph M. Jimenez
Time for real GOP to reject extremists
The U.S. debt limit should be raised to meet our financial commitments/expenditures to those with whom we do business.
It's ironic that the House of Congress, whose job it is, per the U.S. Constitution, to initiate the budget and determine payments, is excited to not only recently shutdown the government, but to also renege on paying our country's debt.
An overwhelming number of economists agree this puts the U.S. in a bad financial position, affecting more than our country but economies throughout the world.
If this is what Congress will be forced to do because of a minority of Republicans, then the goal of Osama bin Laden, "We are continuing this policy in bleeding America to the point of bankruptcy," will have been achieved.
Will the real Republicans stand up to the extreme conservatives and encourage the rest of their party to raise the debt limit? Or, is this terrorism from within? Or, is this treasonous behavior?
Debt ceiling is moot; collapse is inevitable
What to do about the debt ceiling's a complicated question and a complicated answer.
However, the straightforward, apolitical, nonmainstream, and honest answer is: It really doesn't matter because the current financial/monetary system is hopelessly unstable, corrupt and manipulated.
It has way too much debt and is inherently in a "house of cards" status through its dependency on hundreds of trillions of derivatives.
In reality, we already defaulted 42 years ago when President Richard Nixon closed the gold window and the currency became an unsustainable, unbacked fiat (Ponzi) system, and debt began to climb exponentially and uncontrollably.
Today, the Fed must "buy" about 80 percent of the Treasury debt, and it does so by creating digital dollars out of thin air. None of this matters, until it does, and history instructs at some point it really matters.
With or without a raise in the debt ceiling, default and/or monetary collapse is mathematically inevitable -- most likely through massive debasement of the currency.
Let's hope post-crisis, more citizens understand the importance of a fair and sound monetary system, and ensure we rebuild accordingly.
Default would prompt international backlash
To raise or not to raise the debt ceiling is a nonquestion. The ability to pay must match the accumulated debt or the result is default.
In the run-up to the Great Recession, many individuals overextended and found themselves unable to service their debt. The results of such actions are clear and apply equally to our national situation.
However, given the key position the United States holds in the global financial system, our inability to pay would have profound international repercussions, as a default would undermine U.S. issued debentures that have become a de facto world currency.
When the International Monetary Fund and World Bank issue warnings, it is clear the ideologues in Washington are playing a game they don't understand and their make-believe realm of "It won't be so bad" is a fantasy that has no relationship to reality.
The views of Fox News do not apply in the real world.
Congressional radicals are playing with fire
If President Barack Obama actually loves this country, and took seriously his vow to protect and defend the Constitution, he ought to be more than willing to give the Republicans in Congress anything they wanted to keep the Republican-led government shutdown from destroying the United States and its carefully balanced 200 years of constitutional government.
Obama ought to be more than willing to give in to the unprecedented and extreme Republican demands, even if it means the destruction of his most cherished piece of legislation, the Affordable Care Act.
Would anyone who actually loves this country be willing to see it demoralized or destroyed by those radical congressional Republicans acting simply for their own ideological or political advantage?
I mean, who's being irresponsible here?
Bipartisan compromise is only way out of mess
I'm confident our debt ceiling will at some point be raised, although it may seem hopeless right now as we go through another episode of brinkmanship in Washington, D.C.
I've been around long enough to know our democratic form of government is very messy and at times even seems insane. We eventually come to grips with reality and reach compromises almost all will agree are unsatisfactory but workable solutions.
One of those potential fiscal compromises was developed out of the National Commission on Fiscal Responsibility and Reform, commonly referred to as the Bowles-Simpson plan. The report, released in late 2010, was as close to a bipartisan plan as any work in Washington has been in many years. It should have been implemented at that time, but was not.
At some point our national debt will either be brought under control or our children and grandchildren will pay an enormous penalty for our failure.
I believe the Bowles-Simpson plan is a reasonable way out of our debt problem. This plan, or something very close to it, will eventually have to be implemented.
Fredrick R. Ford