I saw the other day that President Obama wants to increase the debt ceiling. Now I am the last person to discuss anything political or financial. It struck me as odd that he said if we do not raise the debt ceiling that it would be "Armageddon like." A few years ago he was against raising it.
My thing is would no it be "Armageddon like" if we keep raising it? Raising the ceiling, would let us go deeper into debt? I do not really understand. Granted I would love to say who cares. I definitely do not have any answers. I would think the thing to do is to reduce some debt or at least not put any money to it.
I have not seen it since, so I do not know if it is real, but I saw a commercial talking about our massive debt the Chinese. The instructor was telling his class how the Chinese people will own America because we love debt so much. A little scary to me.
Who knows what will happen in this "Armageddon like" times? I am sure at least One. On the good side we can only afford three of the four horsemen.
No comments:
Post a Comment