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Debt history

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By The Tribune-Review

Published: Saturday, Oct. 12, 2013, 9:00 p.m.

The writer of the letter “Debt logic” (Oct. 7 and TribLIVE.com) is correct — raising debt limits does not increase debt. However, that applies to reasonable conservative people or organizations. In the case of our government, history speaks for itself.

Every time the debt limit has been increased, our debt has increased. The reason is that the government has not reined in spending.

Since 2001, the debt limit has been increased 14 times and our debt has increased from approximately $7 trillion to almost $17 trillion, and it continues to rapidly rise, with estimates of $21 trillion by the end of 2014.

Isn't it time for someone to step up and demand that our government rein in spending and waste? Keep in mind that this burden is being placed on our children and their children.

As voters and patriots, we should be demanding reduced spending through our representatives. If an individual went on a similar spending spree, that person's credit would be blocked and stopped.

Ronald Nicely

Unity

 

 
 


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