It was done for Bush was is it so different now? Can anyone really put a price on the value of this country and its people?
But there should be NO more unfunded wars, corporate welfare, or tax breaks for oil companies and the wealthy. That should have ended years ago.
I get ya. But the debt ceiling is the least of our problems. Although Moody has mentioned the U.S. Losing it's triple a stud over this debt debacle there are other issues that are causing us to lose that rating. We have the Bernake with the Federal Reserve whispering about implementing more money printing with QE3. Not only will that devalue the dollar, it will cause more inflation and less spending overall in the U.S.
When you read the press reports or watch the news you get the bandaged up versions. If you begin to punch numbers and get involved in precious metals and real commodities you will see that not only is the government going bankrupt but that everyone and anyone with major debt, i.e. Credit cards,loans etc are going to starve.
One thing you need to consider is that during the Great Depression you either lived near a large farm or you had a family member with a farm. What that meant was that you would not starve. Take a good look around and see if there are any farms left. See where you see yourself in the event of another crash.
The government is overspending and were in an economic depression regardless of what you hear on the news. The last thing you want to do is raise their line of credit. What we have to do is shrink the government along with the spending and prepare for what truly lies around the corner....a complete economic meltdown.
There are reasons that banks don't lend when you lose your job or income. These banks have risk assessment experts and they know that even with governments, lending is extremely dangerous and wasteful. As it stands right now the largest world governments have admitted to themselves that we are in an economic crisis on a scale that the world has never seen before. But if they admit this to the public it will create a panic and people will stop spending, not to mention all of the politicians who won't get re-elected. They know this because there is a certain % of people who have stopped spending. Those people have taken the necesary steps to get out of debt and invest in gold & silver. I have done the same and I have never felt more financially secure in my life. If you research the official "Coninuity of Government" documents you will read that there is a plan in place with measures to secure all food & grocery facilities using the Army & National Guard. You will be amazed at what crisis the government has prepared itself for amongst other things.
Our goverment is consistently fighting unconstitutional military engagements (wars) to further an agenda that does not in anyway benefit Americans but benefits a machine of power hungry elitists. Since 2001 our government has grown unprportionately huge and more than the 227 years years of the U.S. combined. Unfortunately it's like a game of chess and we are the pawns without the ability to move. Voting change, revolution, tea parties etc are all things to keep us occupied yet they will do no good.
In the end, If you can't feed your family you have failed or trade in order to do so, it is your end game.