It is shame that not everyone believes in tomorrow.
“Senate
Minority Leader Mitch McConnell, R-Ky., said if Democrats “want to tax, borrow
and spend historic sums of money without our input, they’ll have to raise the
debt limit without our help.”(NBC News ,
Sahil Kapur, NBC News, Sept 25, 2021)Recommended
Debt is not inherently bad, despite what Republicans may say. I have lived in my home since 1981 because I took out a mortgage ( long since paid off, but I was able to live in the house while I paid off that mortgage). I have taken out loans to pay for all of my cars ( long since paid off, but I was able to drive while I paid off the loan.). I took out student loans to attend college, (but I was able to work and use those degrees while those loans were paid off). I took out loans for my children to attend college but those are also long paid off. The point is debt that is an investment in the future is never bad. I imagine that many Republicans own some corporate bonds, which is after all corporate debt, so just holler Emerson at them ( "a foolish consistency is the hobgoblin of little minds" and boy are they foolish.)
The debt
limit needs to be raised because the spending that has already been approved can
not be paid by the taxes that have been collected. ( and do remember that Tax Cut and
Jobs Act of 2017!). This is not
about new taxes or new spending. It is
about old spending and old taxes.
https://www.youtube.com/watch?v=iPkJH6BT7dM&t=42s.
Don't sell out to Mr. Potter. I don't want to live in his slums. I want to invest in the future and I will get by on $17.50 as Mrs. Davis did in It’s a Wonderful Life. Belief in the future used to be a bi-partisan issue. Do Republicans really wanted to cede the future to Democrats.
No comments:
Post a Comment