LETTER: We just have to tighten our belts
To the Editor:
Let me see if I have this right; in order to avoid default on our government loans, we have to raise the debt ceiling. In other words, we have to borrow to pay for our borrowing. That would be like opening up a new credit card account so I can pay the bill I racked up on another credit card account. It doesn’t take an economist to figure out how wrong that is.
It seems we keep kicking the can down the road every time it comes to raising the debt ceiling and increasing our spending. We have to borrow money to fund our promises to Social Security, Medicare and Medicaid, and now we are going to add another entitlement: Obamacare. By the way, we don’t have to raise the debt ceiling to pay our creditors. We just have to tighten our belts; something our Congress and president seem unwilling to do.
Rev. Bruce MacInnes