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I have never been one to closely follow political events until recently that is After discussing the debt ceiling in my urban problems and solutions course Ive come to realize how important issues like this can be While doing some research on the issue I found that no matter what the compromise is someone will be unhappy Throughout this paper Ill discuss my opinion on the current options for the debt ceilingSome options for handling the debt ceiling issue include raising it or actually hitting the debt ceiling First Im going to discuss what it means to raise the debt ceiling Whenever the United States debt reaches a point near the debt ceiling Congress has to decide whether or not to raise it If the option chosen is to raise the debt ceiling then it allows our government to spend more Being able to spend more sounds nice but it puts the United States further into the hole Raising the debt ceiling is a short term fix that in the long run means we will owe even more money to other countries When I was born in 1991 the US debt was about 3 trillion dollars Today the US debt has climbed all the way up to 14 trillion SkyMachines That is a big jump and a huge increase in the rate that it has been raising To me this means that we have been spending much more than we can account forIn my opinion raising the debt ceiling is definitely better than exceeding it Although raising the debt ceiling may not be the worst thing we could do I think our country needs to cut wasteful spending We could save a lot of money and slow the rate at which we are going into debt if we did some things Spending on the war in Iraq and Afghanistan is
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