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Congress must ‘pay the piper’ PDF Print E-mail

Letter to the Editor:

I’d like to respond to Mary Lou Hake’s Letter to the Editor, “Supports Duffy’s Vote Against Debt Ceiling,” in the Vilas County News-Review on Oct. 30.

The accountability that Congress has is that it has passed the spending bills: now it must “pay the piper.”

No bill can be passed without both the House and the Senate sending it to the president.

Maybe Mrs. Hake has forgotten this and the way the small Tea Party group of Republicans has had their way with Speaker Boehner.

They signed off and now they must pay. You don’t take a loan on a car and then say, I’m not going to pay for it.

If the House of Representatives would pass a good jobs bill, thousands, maybe millions of people would be able to go back to work, start paying off their debts, buying more products and many would not need food stamps to feed their children.

Slowly but surely the economy would start to grow out of its doldrums.

Sincerely,

Don Zirbel

Conover

Tuesday, November 05, 2013 11:53 AM
 

Comments  

 
-19 #4 2013-11-06 12:02
So your solution is to keep spending and spending until????

I wish I could also do that John. You know, keep spending and spending and always raising my limit. Then I could spend more and more and more and more. And best of all, my credit rating would never drop!

What is going to happen when the interest rate starts ticking up John? I assume our debt is going to go down?
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-20 #3 2013-11-06 10:53
You have very elective memory Don. Obama spent trillions on his stimulus plans already. What good did it do. it was passed when Democrats controlled both houses.
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+14 #2 2013-11-05 13:31
Good post Don. What those on the far right do not understand is that the debt ceiling has little to do with future spending. This is for our current obligations. It would be the same as if you had a car loan, a home loan, etc and simply said "I'm not going to pay you". What would be the result? Your credit would crash, it would make it impossible to borrow in the future and your personal economy would be devestated. The same would happen with the U.S. Our credit rating would take a plunge for starters and all interest rates would skyrocket. Our economy would go into a tail spin and we would be in dire shape. Maybe those on the Right should learn how the debt ceiling works before they tell the teapublicans to block it in the future.
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-19 #1 2013-11-05 12:04
I am pretty sure that the government dumped trillions into "creating jobs" at the expense of the rest of us.

Now what do we have? Oh I don't know, $17,000,000,000,0 00 and counting in debt.

And besides that, obama and his band of buddies clearly showed that it is perfectly fine to take out a loan and not pay for it with the bailouts.
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