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YOU SAID IT: Should Congress Raise the National Debt Ceiling?

Perry Hall community members shared their opinions.

Congress has until Aug. 2 to reach a compromise on the national debt ceiling. After that, without the ability to borrow more money, any number of government services could go unfunded.

Some Republicans refuse to support any increase in the debt ceiling, while others will only agree to a budget plan without increased taxes. Some Democrats say they will only agree to a plan that raises the debt ceiling and raises taxes for some Americans.

Patch asked members of the Perry Hall community outside the what they thought about the recent debate, if they were worried about it and how it affected them. 

Watch the video and join the conversation.

Mark Patro July 18, 2011 at 04:47 PM
If the oil companies in this country were exclusively American companies I would agree with you that getting more out of the ground and available for American consumption would lower the price. But this argument is invalid because oil companies are international companies and will take advantage of the tax incentives we give them and then sell the oil where the demand is the highest which will ensure them the highest profit margin.
Paul July 18, 2011 at 07:16 PM
"Cuts" + taxes on the wealthy?! I would imagine that those taxes on the wealthy will get you the $0.1 trillion so just what are those $3.9 trillion in "cuts" you are siding with? Pretty sure everyone in America realizes that we need to make "cuts", including those Republicans that have brought nothing and are out of touch with reality. Spare me the partisan jargon.
Tim July 18, 2011 at 07:41 PM
Paul: Mind clarifying your comments for me? I want to respond but I'm still not sure what your point is.
Paul July 19, 2011 at 07:12 PM
The National Debt Ceiling number is a political toy and has been modified many times in the past. The lack of job creation and massive job outsourcing allowed by this and many previous administrations will continue to drive up that debt number or drastically reduce the quality of living in America. I find it sadly amusing how the national and local administrations use the term "jobs saved or created"! They have created NONE so I guess they are talking about the people who still have a job as having their job "saved". The local administration can thank their close proximity to Wash DC for MD being one of the wealthiest states in the nation. Without the tremendous number of federal jobs and support companies, MD would be as poor as Mississippi. Despite our wealth, our leaders in MD still can't balance the budget without taxing their citizens to death!
Tim July 20, 2011 at 08:03 PM
There'd be no tax increases on anyone but the wealthiest 1% of the country from an individual standpoint. The wealthiest Americans today pay what amounts to about 22-24% in taxes each year. Look it up. It was recently confirmed by Politifact.com. Additionally, they should have already been exempted from the Bush Tax Cuts Extension - but Obama folded on that one last year. Secondly, understand that the "Grover Norquist Republicans" - of which the vast majority of first term Republicans are members - basically support no tax based revenue increase at all. That means no taxing the rich, that means no closing of any "tax loopholes" for the same mega corporations who make billions every quarter while shipping our jobs overseas for half the cost. No closing subsidies for oil companies. I could go on. This has nothing to do with the average citizen. On the contrary, what the Repubs of today push screws us all much, much worse. Attempting to cut Social Security is the biggest joke/load of hypocrisy I've ever seen. Social Security was real convenient to both parties when it was raking in profits for the past 40 years. Profits that instead of saved, were largely borrowed (and never paid back) by various Presidents and Congresses since. Only President Obama and some of the more centrist Republicans and Democrats talk of "Shared sacrifice". Republicans plan today shares nothing, but only takes more from those who already have less.

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