Lost in all the frenzy over the train wreck called Obamacare, is the raising of the National Debt Ceiling. It now stands at $16.7 trillion. Here we go again! Treasury Secretary Jacob Lew said in a letter to Congress that, “The United States will run out of borrowed money ‘no later than Oct. 17’ unless Congress raises the $16.7 trillion debt limit.”
Nothing I like better than hearing President Obama, Nancy Pelosi, Harry Reid and other Washington insiders talk about fiscal responsibility. Look folks, I’m sure we’ve all heard stories about a friend with an ex-spouse and their credit card, and how sometimes, you just have to pull the plug.
At a debt of $16.7 trillion and growing hourly, our credit should stink, and that debt is not sustainable. To allow the debt ceiling to rise with Obamacare coming online is absolute economic suicide.
CHUCK PINKEY is a retired area businessman. He can be reached at email@example.com. The views expressed in this column do not necessarily reflect those of The Daily Star and its editorial board, but the author thinks they ought to.