Senate Democrats back automatic debt limit hikes

It is bad enough when the debt ceiling was lifted. Now, the government wants to have an automatic debt ceiling. They want the ceiling to go up automatically when they are borrowing more money. Unlike before, they will stop when they hit the limit and try to lift the ceiling. Having an automatic debt ceiling is a horrible idea because there is not an actual limit. The limit is supposed to prevent our nation from borrowing too much money. Without an actual limit on debt, our government would not refrain from borrowing money.

http://www.usnews.com/news/politics/articles/2013/10/29/senate-democrats-back-automatic-debt-limit-hikes

Growing the Debt: US resumes $1.6B in aid to Pakistan

I just can't believe this! The debt ceiling was just lifted and the amount of debt is going up every day. I think it is not fair for us, because U.S. citizens are working hard and paying taxes to the government, but our government is spending on foreign aids. We are not getting much out of Pakistan, so why are we wasting our money? Pakistanis don't work for us and they don't pay taxes to the government. It is not much different from going to a restaurant and ask the employees to let you eat for free. I understand building relationships with other countries is good, but we also have to think about our citizens.

http://www.foxnews.com/politics/2013/10/21/growing-debt-us-resumes-16b-in-aid-to-pakistan/

Washington is already $300B over US debt limit

This article is similar to the other article, but we get some specific numbers here. The amount of debt per capita has tripled to $148,629 if we only count those who pay taxes. Otherwise, the amount of debt is $53,715 per U.S. citizen. According to the article, there isn't a debt limit yet. So the federal government can borrow as much they want . I don't think it's a good thing and that we should set a debt limit. On the second thought, it would not really make a difference because they can just eliminate the debt limit again!

http://nypost.com/2013/10/18/washington-is-already-300b-over-us-debt-limit/

US debt spikes to $17T after debt ceiling lifted

How did we manage to get from $16.747 trillion to $17.076 trillion in such a short time period? It is said that the reason is since May, the Treasury has been forced to use extraordinary measures such as deferring certain payments to avoid hitting the debt ceiling. So the Treasury was trying to avoid hitting the debt ceiling but in the end, the debt ceiling was lifted. As soon as it was lifted, we owe more money!!! Then the Treasury will try to do the same thing over again. Before we know, the debt ceiling will be lifted again and again. We are just walking in circle and owe more money. This is just ridiculous! Now, the Republicans are playing the blame game on President Obama and his Obamacare instead of solving the problem!

 

http://thehill.com/blogs/on-the-money/budget/329385-us-debt-spikes-to-17-trillion-after-ceiling-lifted