tag:blogger.com,1999:blog-16816866.post1923104030981062272..comments2024-02-29T02:10:56.878-08:00Comments on J O S H U A P U N D I T: US Senate Quietly Approves $500 Billion Increase In Borrowing AuthorityFreedom Fighterhttp://www.blogger.com/profile/13649470110087808596noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-16816866.post-85846516694220431872011-09-10T11:52:08.325-07:002011-09-10T11:52:08.325-07:00Eventually the borrowing will stop. At some point...Eventually the borrowing will stop. At some point, no one will be buying US debt. At that time, the world markets will force the type of spending cuts that the "tea party" recognizes we need in order to stay competitive and to grow our economy. <br /><br />We really have two options. We can wait until we are forced by the world to make the necessary adjustments or we can do it ourselves. If we do it ourselves, it will be allot less severe than if the likes of China, Russia, and the world force us to do it. Also, China, Russia, and others do not give a whit about growing our economy. They would simply sieze whatever assets necessary to compensate them for what they are owed and to punish us for percieved actions against them. <br /><br />In order to grwo our economy, we need to cut government spending and to get the government off of the backs of the private sector. Unfortunately the current government officials are doing the exact opposite of what needs to be done.B.Posternoreply@blogger.com