Letter to the Editor: Who's going to repay $16.7 trillion debt
Libertarians/tea party Republicans/anyone who cares about the future of our children and our country — batten down the hatches.
Obama has repeatedly said he will not negotiate about raising the federal debt limit. Well, you are President Obama, not King Obama. You don’t set the debt limit, Congress does.
Those who speak about decreasing federal spending instead of increasing debt are described by politicians and the media as “behaving like children,” “radicals” and “extremists who want to hold the government hostage.”
When Obama was inaugurated, the federal debt was $10.6 trillion.
In 2006 a senator stated before he voted on an increase of the debt limit: “The fact that we are voting on an increase of the debt limit is a sign of leadership failure. It is a sign the U.S. government cannot pay its own bills. Leadership means ‘the buck stops here.’
“Instead, Washington is shifting the burden of bad choices today on the backs of our children. America has a debt problem. America has a failure of leadership problem. I intend to oppose increasing America’s debt limit.”
By the way, that senator was ... Barack Obama.
Today Obama wants to increase the current federal debt limit of $16.7 trillion.
To those who say debt doesn’t matter, think Greece, think Detroit.
Who is going to pay off $16,700,000,000,000? What will the consequences be?
Is anyone going to bail the U.S. out? Today’s politicians will be long gone.