I note with interest that 35.6 percent of poll responders and at least one letter writer (Robert Duff) think that Congress should not raise the debt ceiling. Tough stuff. Not raising the debt ceiling would mean that the U.S. could not pay debts that we have already incurred.
So people who by U.S. Treasury bonds would not be paid, debts owned to U.S. companies could not be paid, Social Security checks might not be issued. The executive branch is required by law to pay debts that Congress has authorized, yet these folks think that it is OK not to do that.
Just how is this the right thing to do? Raising the debt ceiling does not authorize the president to spend more money as many have suggested. The executive branch can only spend money that Congress has authorized, and right now the executive branch has to borrow money to pay for what Congress wants.
I guess another way would be to raise taxes or cut spending, but each of these must be done by Congress and cannot be done by the president.
Patrick Williams
Millsboro
-
A letter to the editor expresses a reader's opinion and, as such, is not reflective of the editorial opinions of this newspaper.
To submit a letter to the editor for publishing, send an email to newsroom@capegazette.com. Letters must be signed and include a telephone number and address for verification. Please keep letters to 500 words or fewer. We reserve the right to edit for content and length. Letters should be responsive to issues addressed in the Cape Gazette rather than content from other publications or media. Only one letter per author will be published every 30 days. Letters restating information and opinions already offered by the same author will not be used. Letters must focus on issues of general, local concern, not personalities or specific businesses.
