This from Representative Paul Broun (T):
Broun: I introduced a bill to lower the debt ceiling, not raise it. And i just think raising the debt ceiling is not the way to go. We need to lower it. We need to pay off the debt.
Let’s pretend, for a moment, that the debt ceiling is just like your credit card (it’s not, but pretending is fun. The GOP does it for a living!). Now, let’s say you have a maximum credit limit of $1000 and you’re maxed out. Now, let’s pretend that you call up the credit card company and tell them you want to cut your credit limit in half so you can pay off your debt. Even if they oblige the crazy person on the phone, THAT STILL DOESN’T MAKE THE MONEY YOU OWE GO AWAY. You still owe it. You spent that money. It’s gone. Done. Used.
The debt limit does not exist because we want to spend more money in the future. The debt limit is the money we already owe. It’s the bill after a meal. We ate the food, now we have to pay for it and the Tea Party wants to dine and dash.
But don’t make the mistake of thinking the Tea Party understands this. They do not. They are convinced that not paying our debts is no big deal. Think about that for a second. These are the people that are constantly stating that the United States is JUST like a family and we just needs to “tighten our belts.” But what happens if you stop paying back the money you owe to the banks? You get charged late fees and penalties. Your accounts are downgraded or just closed. The repo men come and take your car. You lose your house. In the ultimate irony, Republicans are even trying to reinstate debtor’s prisons for people who do not pay their bills.
Yet, they want the country to not raise the debt ceiling because it won’t really do anything and it only exists so we can spend more money in the future anyway. Such incompetence will get one fired in the private sector but in the House of Representatives, I guess understanding how the government functions is unnecessary as long you shout “Socialism!” a lot.