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Thursday, July 14, 2011

Don't make US debt harder to pay off

The debt ceiling is, in a way, misnamed. And is an EMERGENCY! Americans must ALL take action now.
Everyone needs to call their representative in Congress, immediately. Not raising the "debt ceiling" actually means it could be much HARDER to pay off our debts!
An explanation: http://www.washingtonpost.com/opinions/warning-to-washington-dont-mess-with-the-debt-ceiling/2011/07/12/gIQA5Q4ADI_story.html .
If this needs translation for non-financial types, let me know :)
The mainstream media has not explained this well. We've got to pass on this information ourselves. Find your rep and CALL: http://www.house.gov . Tell them you want the ceiling raised. And let the people you know, know this. Urge them to take action as well, sending something like this, or in your own words:

Let's not make it harder for America to pay off its debt! The debt is bad enough as it is. Please call your reps and ask them to raise the debt ceiling and to take the issue out of partisan battles. This is something that is important for all Americans. Give the people you know this information. The situation is not necessarily what it appears to be. It's complicated! It's got to do with bonds, and stuff like that! Info at: http://thestarvingeconomist.blogspot.com/2011/07/dont-make-us-debt-harder-to-pay-off.html

The Coffee Party has a letter-writing campaign to join!

Don't make it harder to pay off US debt

There was some sort of bizarre technical error with this post. Please go here: http://thestarvingeconomist.blogspot.com/2011/07/dont-make-us-debt-harder-to-pay-off.html and thank you for your patience.

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An undergrad economics degree was all I could afford. Alas and alack, it did not guarantee me regular meals.

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