I am an American, and I'm proud to be one.
We've done the best we could over the years to live within our means. I wish I could say we never incurred any credit card debt, but that would be a lie. We did, however, pay them off, and we have lived without any credit cards for many years now.
We're retired, living on Social Security and a pension. And we live within our means. If we don't have it... WE DON'T SPEND IT!
Am I scared by President Obama's threats that not raising the national debt ceiling is going to cause us to stop receiving our SS checks? Frankly, NO!
His constant attempts to portray the "corporate jet owners" and the Republicans as the bad guys just convinces me that those politicians who view increasing taxes as the way to solve all our economic ills don't understand that stifling business will only cause our economy to falter more than it already has.
Printing more money to "solve" the debt crisis only leads to inflation - the cruelest tax of all.
I don't honestly think the Democrats really intend to cut SS, if they can't intimidate the Republicans into caving on their mandate from the American people to cut government spending. It's an empty threat, as far as I'm concerned.
If President Obama and the Democrats have their way - we lose in the form of higher prices on goods we purchase - so it's the Democrats whose "solution" would reduce our SS income, not the Republicans.
I remember when inflation was rampant and all the problems that caused. As a Senior Citizen, I'm praying that our government will work toward paying off the national credit debt and learn to live on what it makes - just the way we have!