Letter to the Editor

Nation should not have raised debt limit

Editor, the Record:

Recently, President Obama warned Congress that it had better raise the federal debt limit and quickly. He then insisted that the USA "is not a deadbeat nation." If that's the case, why raise the debt limit? Only a nation that has financial obligations it can't meet would need to borrow even more money.

Which is the case? Either the nation is not a deadbeat nation and therefore has the resources on hand to pay its bills or it is insolvent and therefore needs to borrow even more money than it already has.

I believe the majority of Americans, if not the president, know the truth. It would just be nice to hear it from him.



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