No more increase in debt ceiling.

I agree with my colleague Chelsea’s view on her commentary about the “Cut, Cap, and Balance” bill. By raising the debt ceiling, government may solve the current economic problems. However, it is not the permanent solution to cure the economy. Instead, it is just pushing the problem to the next legislature with even increased burden for them to solve. It is only borrowing more money in debt to aid economic problems of present. Then, who is responsible for that amount of increased debt and even more increased interest for it? Currently, U.S. debt is already huge enough that people are expecting the government default in five days. Raising the debt ceiling is just a temporary and superficial solution that does not cure anything at all in reality. Controlled government spending and balanced budget is the only possible way to cure the long-term sufferings of economy. Now is the time to reduce the debt and balance the budget, not to increase the debt ceiling again. Government and the legislature should seek for the ultimate solution to recover the economy. I believe the first step to do so is by balancing the budget while focusing on reducing the amount of debt eventually.