Letters: Let's learn our lesson

Published: Wednesday, Jan. 23 2013 12:00 a.m. MST

U.S. flag flies next to the Capitol in Washington, as Congress and the Obama Administration continue work to raise the debt ceiling.

Alex Brandon, Associated Press

Enlarge photo»

Summary

As a soldier, I have a vested interest in Congress either abolishing or raising the debt ceiling. My livelihood and ability to pay my bills depends on whether Congress decides it will pay theirs.

The debt ceiling does nothing to reduce our debt. Congress implied consent to borrow when the original spending bill was passed. If Congress desires to cut spending, it must do so through the spending bills. It's prosposterous that Congress could pass a law that requires the nation to borrow money — and then create a debt ceiling that somehow allows the nation to go back on its word.

The last time we went through this debate, we saw our credit rating downgraded. Apparently, we have not learned our lesson.

Darrel Ross

Eagle Mountain

Featured Comments

See all 8 comments »

Grover

Salt Lake City, UT

It is sad that the only Utahns that seem to "get" the debate to raise the debt ceiling are those who are at immediate financial risk because of the Congress's need to play politics with every issue. Cutting spending is a forward looking More..

7:48 a.m. Jan. 23, 2013
Top comment

Eric Samuelsen

Provo, UT

Christian,
Right now, it's not a question of government finding people to lend money. It's choosing between many many prospective lenders, despite the most minimal possible interest rates. It's the safest investment that can More..

9:42 a.m. Jan. 23, 2013
Top comment

Christian 24-7

Murray, UT

Darrel, and millions others, will be in real trouble when the government can't find anyone who will lend them the money to pay them.

Then the government will make the trillion dollar coins, and mega-inflation will make the money you More..

8:44 a.m. Jan. 23, 2013
Top comment

Comments