Title says it all.
The debt is ballooning out of control; the debt ceiling keeps being raised.

I fully understand the political finger-pointing. i.e. "Bush did it", etc
But that sort of thinking ignores the real world reality. Moody's has indicated that they may lower the USA bond rating. Do you understand the implications of that?
We'd end up borrowing more money simply to pay the higher cost of our borrowed money. The figure I heard is that the debt service alone will exceed our GDP. From there, its a fiscal death spiral. Look to Argentina for the pattern.

Its not simply a republican-caused problem, although Bush and the republicans didn't help. Obama has only added gasoline to the fire; his policies are, if anything, even worse. EVERYONE shares some blame. Our political leaders continue to treat themselves like royalty. They will all retire on some fat pension, Politicians are happy to simply " kick the can ( problem) down the road "(until they retire).

So what are the REAL ( non-political) answers? Please try to avoid the standard talking point answers, and the blame game. Regardless of who is.was the root cause, what do you see as the answers?

To me, there are only a few:
Cut what government spends. Causing massive pain.
Raise Taxes--deepening even further the recession
Print more money ruining the savings of those about to retire
Borrow more money--delays the problem, but deepens the same problem.

Do we accept the immediate pain caused by massive spending cuts, or simply pass it on?

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1982 300SD " Wotan" ..On the road as of Jan 8, 2007 with Historic Tags