Essay On Debt Ceiling

Why the Debt Ceiling Crisis Must End The United States Congress Created the debt ceiling in 1917 to allow liberty bonds to be used during World War I. What was once seen as a solution has led to controversy and confusion as to what to do about the United States’ continually increasing debt. The U.S. as of 2016 is in $19.5 trillion dollars in debt. The problem with the debt ceiling is that no one can decide what hurts the U.S. more: raising the limit or keeping it as is. Whatever decision is made will have a huge impact on Americans. There are many suggestions as to how to fix the issue. Some say raise it, other say to make some cuts, and some even want the debt ceiling removed altogether. The United States of America will soon have to decide to raise the debt ceiling and suffer greatly later, or face the consequences now. The easiest way to deal with this current debt crisis is to continue raising it like it has happened for years. An article titled “6 Consequences if the Debt Ceiling is Raised,” by Alex M. Parker mentions the cuts or discontinuations of government

While it will keep health care and social security programs running as usual, it will be way more detrimental in the long run. The more debt the U.S. gets itself into, the harder it is to fix the problem. An article from the Washington Times called “Why Congress Must Not Raise the Debt Ceiling,” suggests the United States could do fine with a few cuts to lesser important programs. Stated in the text,” Curbing federal spending by that amount would require the president and the director of the Office of Management and Budget Mick Mulvaney to prioritize among obligations and planned new initiatives.” Repeatedly increasing the debt ceiling completely defeats the purpose of even having a debt ceiling. When will the U.S decide it’s enough? Stopping the increase of the debt limit gives more control for the future of the United