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Riemersma Is correctBy JGillman, Section News
The debt ceiling cannot be lifted. In today's Ivory Tower special guest commentary, former US Representative candidate Jay Riemersma calls on the GOP controlled congress to do what is right and ignore calls to do "what has always been done."
Riemersma points out: To make sense of this statement, we first have to set aside the ridiculous premise that "they've always done it in the past" should guide what Congress does today. Exactly. At what point will we make those decisions? Next year? And frankly, unless our entire income is outgoing as interest, we will pay our obligations. The threat we will not is absurd. Going forward and adding to that interest burden hardly serves the better prospects of digging ourselves out, unless some have the fantasy that this asphyxiating administration will bring economic prosperity any time sooner, or later. So shorting the next possibility of balance leaves only one other prospect, and that is collapsing the currency. The Michigan congressional delegation needs to hear from us, that no more debt is acceptable. Not now, and not in the future. Expanding our obligation now, merely adds to the reality we cannot control our spending. It burdens our children, their children and puts our future health and safety at risk. Expanding it now, or in the future tells us we have forgotten that debt is supposed to be a temporary tool only.
Riemersma Is correct | 3 comments (3 topical, 0 hidden)
Riemersma Is correct | 3 comments (3 topical, 0 hidden)
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