Reagan raised the debt ceiling 18 times

Recipe for disaster right there. No matter what school of thought you come from, if you're making less money but spending more, you're headed straight into a hole.

Quote from Ricter:

Our troubles are a result of declining revenue (tax cuts, recession), and heightened spending (safety net, war) occurring at the same time. We've been here before.
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Every financial problem I've had was solved by increasing income. Of course personal finance is different than government finance and I have my own business so I hustled my ass off to take up the slack. Too bad government can't bust their ass off to help with the finance problem.
 
Can't or too busy dealing with big bureaucracy bullshit to do it?

Quote from bigarrow:

Every financial problem I've had was solved by increasing income. Of course personal finance is different than government finance and I have my own business so I hustled my ass off to take up the slack. Too bad government can't bust their ass off to help with the finance problem.
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