Have to pay debts

Ted Baker writes and asks that our government neither increase taxes nor increase the debt limit. The problem is that the debt has already been incurred and has to be paid. The debt limit is not about spending more but for paying the bills already incurred.

For example, if you buy a house and can’t pay cash (who can?), you incur debt. You have to pay it for 30 years. In the meantime, you buy a car or have medical expenses. You lose your job and don’t have income (revenue). You still have debt. You may move to get a new job to get more income (revenue) but you have to buy a new, more expensive house. You have children and more debt. Your debt grows. And on and on.

We all incur debt and have to deal with it. This is being responsible. Unless you want the U.S. to default on its debt, we need to raise the debt limit (to avoid default and pay our bills) and increase revenues (taxes). But I absolutely agree that spending has to decline to slow or stop the problem from continuing.

Curtis W. Dreese

Spokane