Think about it:
The ratings agencies complacent to this ungodly system state that we will have to downgrade the debt rating of the United States, if we do not increase the debt ceiling. That this will result in higher borrowing costs due to increase in interest rates is true enough..
But wait a minute!! Is not raising the debt ceiling going to do the same exact thing? Of course it is!!! Pick your poison: Increase in borrowing costs via higher interest rates -OR- Increase borrowing costs via higher nominal debt amount. Wow, what a choice!
I wonder if one should go to their loan provider and say "Gimme a higher credit line, or else Ill have the ratings agencies downgrade you! Not that it would help my situation any, but hey, at least I can spend like a drunken sailor another day and make you even more filthy rich, big banker!"
Not to be outdone is Obama himself, who says Social Security payments could be suspended if a deal is not reached August 2nd..
Whoa wait a minute here!!! Are we not supposed to have a lock box to pay recipients with?! Oh yeah, that's right, Bill Clinton and the congress already SPENT that money, and then claimed that we had a budget surplus in the 1990's!! Now they are going to threaten and hold hostage senior citizens via their SSI checks they depend on, all out of a liability that is UNFUNDED to begin with!! Where is the SS tax coming out of my paycheck going anyway?!
In other words "More debt. Or else we are going to push granny and pop-pop off the cliff!"
Then they claim "We need to pay the bills!" Wow spending money before we even have it in our hands via borrowing it. What sense does that make?!
Want proof that perpetual debt is the goal of the international bankers and the Federal Reserve? Look no further than the debt ceiling debate!
Wow, what a world. What a bunch of tyrants we are ruled by.
"Im looking for work." "Pfft.Work in this economy? I'm waiting for the government to bail me out." -Conversation between the player's character and a non-player character, Star Wars Galaxies EMU
