Lies Politicians Tell Us. The Debt Limit.

Raising the debt limit will NOT increase our debt. The politicians want you to believe that if we raise the debt limit that is a green light to spend more money. The debt limit is what we have already spent. Think about it this way. You have a five hundred dollar limit on your credit card. Your wife wants to go out to dinner on your anniversary. This should be O.K., because you have five hundred dollars to spend and dinner should cost no more then one hundred dollars. Now the caveat. Your wife wants to buy a new outfit to wear for dinner. She finds the new dress, but realizes that she needs new shoes and a new purse. New pantyhose is needed. She goes to the Salon for a hair cut and style. By the time she is done getting ready for dinner, the card has reached four hundred and seventy five dollars. Now the new dilemma. You could suggest you go to dinner at McDonald's, but quickly realize that would carry a death sentence. You opt for the next thing which is call the bank and ask them to raise your limit to six hundred dollars. Technically you are spending a little more then you already have, but believe me when I say, once you have committed to dinner you have already spent that money. This is what raising the debt ceiling is comparable to. Increase the credit limit to cover the bills coming in. Let's continue. If the debt limit is not raised at the bank on your credit card, what does the bank do? They charge you a fee. They freeze your limit and refuse to increase it in the future. They raise the rate they are charging you in interest. This means that all of this combined costs you  more money. That is what would happen to American's credit. It would cost us more money in fees and interest, plus most if not all of our creditors, would stop buying our debt. We would be in an economic mess. FUBAR!!! My suggestion is this. If the Republicans want cuts in spending, let them start first with the elimination of the tax breaks for the big corporations and the wealthy. Level the playing field and then we can talk about Social Security, Medicaid Medicare and all of the other programs the Conservatives want to cut. I am tired of the politicians starting with the middle class programs and then never going back to the cuts for corporate welfare and subsidies for millionaires and billionaires. The lie is the politicians tell us, they want spending cuts before they will stop economic chaos. Stocks are dropping again. The bond market is ready to fall through the bottom. The time is now for the Republicans and the Tea Party to stop screwing with us and increase the debt limit for the spending we have already done. Then we can eliminate the tax breaks that would increase revenues. Then finally we can look at ways to preserve and shore up Social Security and the health programs for our citizens. Anything less will leave us F***ed Up Beyond All Recognition. FUBAR. Pass this on to all of the politicians and tell them to get busy working for us. We could suggest they read the book, "Economics For Dummies", to help them figure it out.