www.mozilla.com Weather Central
Voices
Headlines

Kids do count -10/22/2014, 10:31 AM

Needing the past in the future? -10/22/2014, 10:31 AM

In praise of hunting -10/22/2014, 10:30 AM

What is a CID? Will it work for mall? -10/21/2014, 10:22 AM

Judging importance on the ballot -10/21/2014, 10:22 AM

Kansas Speaks -10/21/2014, 10:22 AM

Paying for schools -10/19/2014, 1:21 PM

Joining forces for Orman -10/19/2014, 1:21 PM

Research before voting -10/19/2014, 1:21 PM

Davis is moderate? -10/19/2014, 1:21 PM

The most important election in your lifetime -10/19/2014, 1:21 PM

Huelskamp stands out -10/19/2014, 1:21 PM

Kansas farm interests -10/19/2014, 1:21 PM

Keeping unfounded reports from 'going viral' -10/19/2014, 1:21 PM

The age of cynicism -10/18/2014, 9:02 AM

Preventable diseases -10/17/2014, 10:28 AM

Second term needed -10/17/2014, 10:28 AM

Kansans deserve better -10/17/2014, 10:28 AM

Officially killing Americans -10/17/2014, 10:27 AM

New era at FHSU -10/16/2014, 10:01 AM

Roberts is right choice -10/16/2014, 10:01 AM

Crumbling Constitution -10/16/2014, 9:52 AM

Redbelly's future -10/16/2014, 9:52 AM

Kansas deserves better -10/15/2014, 10:23 AM

Remember to vote on Nov. 4 -10/15/2014, 10:23 AM

You almost feel sorry for Sean Groubert -10/15/2014, 10:23 AM

Register to vote -10/14/2014, 10:14 AM

Living on that 70 percent -10/14/2014, 10:14 AM

New bullying problem for schools: parents -10/14/2014, 10:14 AM

Cheerios, marriage equality, the Supreme Court -10/13/2014, 9:49 AM

Wedded bliss -10/12/2014, 5:54 PM

Who is the real fraud? -10/12/2014, 5:08 PM

Teenagers 'make some noise' -10/12/2014, 5:08 PM

Not so private property -10/10/2014, 10:01 AM

Federal funding -10/10/2014, 10:01 AM

Teacher indoctrination -10/10/2014, 10:01 AM

Vote Republican -10/9/2014, 9:49 AM

Non-partisan politics -10/9/2014, 9:49 AM

Teen driver safety week Oct. 19 to 25 -10/9/2014, 9:04 AM

FHSU party -10/9/2014, 10:11 AM

Poverty in America -10/9/2014, 10:11 AM

Let the women serve -10/9/2014, 10:11 AM

Time for new direction -10/8/2014, 9:49 AM

Improving Kansas economically -10/8/2014, 9:35 AM

Water abusers -10/8/2014, 9:35 AM

Play safe on the farm -10/8/2014, 9:34 AM

Where the money comes from -10/7/2014, 10:24 AM

The president's security -10/7/2014, 10:24 AM

Marriage equality -10/7/2014, 10:24 AM

The sins of the father are visited -10/6/2014, 9:02 AM

Cannabis in America: The bottom line -10/6/2014, 9:20 AM

A reason to celebrate -10/6/2014, 9:20 AM

Gov. shields wealthy from paying for schools -10/5/2014, 2:07 PM

Passionate protest in defense of civil disorder -10/5/2014, 2:07 PM

October is time for baseball and, of course, film premieres -10/4/2014, 2:16 PM

Alley cleanup -10/3/2014, 10:01 AM

Will the West defend itself? -10/3/2014, 10:01 AM

Find another school -10/3/2014, 10:01 AM

It's better now -10/2/2014, 9:17 AM

The answer is to bomb Mexico? -10/2/2014, 9:17 AM

Falling revenue -10/2/2014, 9:17 AM

School facilities -10/1/2014, 9:27 AM

Look ahead, not back -10/1/2014, 9:27 AM

Secret Service needs to step up its game -10/1/2014, 9:27 AM

Roosevelts were true leaders -9/30/2014, 9:18 AM

Moral bankruptcy -9/30/2014, 9:18 AM

Expect some sort of change in Topeka -9/30/2014, 9:18 AM

'A tale of two countries' -9/29/2014, 9:59 AM

The last of the Willie Horton ads? -9/29/2014, 9:59 AM

Finding answers to the future of Kansas -9/28/2014, 2:20 PM

College: Where religious freedom goes to die -9/28/2014, 2:20 PM

Honoring Hammond -9/28/2014, 2:20 PM

Do statistical disparities mean injustice? -9/26/2014, 9:53 AM

World university rankings -9/26/2014, 9:52 AM

Kansas experiment -9/26/2014, 9:52 AM

Two anti-choice parties -9/25/2014, 10:03 AM

Not in the same old Kansas anymore -9/25/2014, 10:03 AM

Domestic violence -9/25/2014, 10:03 AM

Back to war we go -9/24/2014, 9:55 AM

Piling on the NFL -9/24/2014, 9:54 AM

Emma Watson looking for a few good men -9/24/2014, 9:54 AM

Renter runaround -9/23/2014, 7:32 PM

Enough is enough -9/23/2014, 9:02 AM

Life of politics in the state -9/23/2014, 9:02 AM

What is and is not child abuse -9/22/2014, 9:30 AM

Cannabis politics and research -9/22/2014, 9:30 AM

Future of The Mall -9/21/2014, 6:14 PM

Multiculturalism is a failure -9/19/2014, 9:52 AM

State education rankings -9/19/2014, 9:52 AM

Kobach gone wild -9/19/2014, 9:52 AM

Bias prevents civil discussion of education issues -9/18/2014, 9:35 AM

Immigration is American -9/18/2014, 9:35 AM

Costs to states not expanding Medicaid -9/17/2014, 10:14 AM

Medicare threats -9/17/2014, 10:12 AM

Green fields in northwest Kansas -9/17/2014, 10:12 AM

Consolidation by starvation -9/16/2014, 9:54 AM

School mergers tricky -9/16/2014, 9:54 AM

Hotel tipping -9/16/2014, 9:54 AM

Abuse video revealed nothing we didn't know -9/15/2014, 9:20 AM

Lessons from 13 years ago -9/15/2014, 9:20 AM

myTown Calendar

SPOTLIGHT
[var top_story_head]

Raising the debt ceiling

Published on -10/18/2013, 8:37 AM

Printer-friendly version
E-Mail This Story

Raising the debt ceiling

The other day, I had the unfortunate experience of listening to the president of the United States of America. You can't miss him. He's on the radio and TV. He's always making a speech somewhere. When he does, he usually exposes his ignorance. Case in point, he said, "Raising the debt ceiling limit will not add one dime to the national debt."

Just how dumb does he think we are? I'm pretty sure he went to college.

Obviously he had no math or economics classes. He's a poster child for our failed educational system. One class he didn't miss was public speaking. He should have aced that class.

Let me explain the national debt to you, Obama students. Our government spends approximately $1 trillion per year more then we bring in to the government in taxes.

Thus, we need to borrow this money each year just to operate. We pay the interest on the $17 trillion we presently owe, but to operate, we need to borrow this $1 trillion each and every year.

The balance on the national debt goes up each day. This is why we have to increase the debt limit. So when he says that the debt limit will not cost us one dime, that is an out and out lie, unless he is that dumb.

Let me put this in simple terms. When you pay the minimum on your credit card and you go out and spend an additional $1,000 on it per month, your balance will increase until you are finally in bankruptcy.

Now, for you people who actually believe what he says, there is one difference between you and I, and the federal government. They can print money. We, as a country, are basically broke.

We'll never pay off the trillions that we owe. To pay off the national debt you'd have to balance the budget first, and cut from there to pay down the balance on the national debt.

Anyone who believes this will happen is living in a fantasy world. The Founders of this country could see this coming. The original purpose of government was not to take care of everyone.

That's why, for the first 150 years, we were not in debt.

If you think our national debt is bad now, wait until we have a few years of Obamacare.

This is such a mess, not even the best economist can estimate what this will cost.

The Federal Reserve has started printing money to cover our debt. They really have no other choice. Luckily, they have done this fairly slowly. However, one of these days this will get out of control. When this happens, the dollar in your pocket won't be worth the paper it is printed on.

Terry W. Piesker

Victoria

digg delicious facebook stumbleupon google Newsvine
More News and Photos

Associated Press Videos

AP Breaking News