Read this link
"http://news.yahoo.com/s/ap/20110608/ap_on_bi_ge/us_debt_limit"

As you can see from this article, the "solutions" being discussed as part of raising the debt ceiling, solve nothing.
Speaker Boehner says cuts must equal the amount the ceiling raised. What kind of a solution is that? If that solution is used, they will raise the debt ceiling 2 trillion immediately, BUT they will cut 2 trillion using the same sort of BS used to get the 38B (really 250 million) in the last budget resolution.. and they will get those "cuts" over a 10 TEN year period.. and next year.. our debt will have risen to 16.4 trillion.. and the cuts will never occur. If we get that "good" deal 10 times more.. the debt will be 38 trillion in 15 years.. IF they did not raise the budget AT ALL.. when did that ever happen??
Wow.. what a great strategy!! Even if they actually cut the 2 trillion offset, it does NOTHING to cut the debt; it only INCREASES the debt because they will continue to borrow MORE AND MORE and pay it off gradually 10 years later.. it just gets bigger and bigger because we are paying interest on that money for 10 years before it is paid off.
The truth is they wont cut enough to stop the debt bomb, because they know the pain would be so bad, the public will never accept it.. our economy is surviving on that debt, and without it.. god help us.
The ONLY person who has proposed a plan to actually fix the debt bomb. Rand Paul says it is necessary to cut 500 BILLION ever year from the current level, until the budget is balanced. It will take YEARS... and even during that time.. the debt gets bigger.. do you see the problem??
DID you read that... 500 BILLION every year! Why so much?? Because we are paying HUNDREDS of billions in INTEREST every year just to service our 14.5 trillion debt. You have to CUT more than the annual interest paid to reduce the deficit at all, and then YEARS later you would begin to reduce the total DEBT.
JJ