tag:blogger.com,1999:blog-7149223352943003377.post2432358490265730422..comments2013-04-02T12:00:43.187-07:00Comments on Family, Fun and Frugality!: If they can, why can't I?stephmbhttp://www.blogger.com/profile/01109382649862653924noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7149223352943003377.post-36602366281559941532011-08-03T13:06:53.944-07:002011-08-03T13:06:53.944-07:00It's a bit more complicated than that. The gov...It's a bit more complicated than that. The government is not a family or a person and cannot be run as such. Without the debt ceiling being raised, the government would not have enough money to pay all of it's obligations, like soldiers, veterans and the elderly. If it doesn't pay it's bills, it will lose it's credit rating, causing the interest on it's current debt to go up, causing an even larger debt and causing it to have to raise interest on student loans, housing loans and the money it loans to other countries and banks. It's a bad domino effect. Trying to change the government spending through the debt ceiling is bad policy. Change it elsewhere, then they won't have to raise the debt ceiling. It happened before, back when Clinton & the good economy gave the government a surplus.Roger Morsehttp://www.gimmeanime.comnoreply@blogger.com