# The Debt Crisis Thread **URL:** \ **Category:** Great Debates\ **Created:** [July 21, 2011, 12:56am UTC](https://boards.straightdope.com/t/the-debt-crisis-thread/589786 "2011-07-21T00:56:21Z")\ **Posts on this page:** 1\ **Showing post:** 34
**Author:** ![Susanann](https://avatars.discourse-cdn.com/v4/letter/s/7ab992/32.png) [@Susanann](https://boards.straightdope.com/u/Susanann)\ **Post date:** [July 21, 2011, 6:49pm UTC](https://boards.straightdope.com/t/the-debt-crisis-thread/589786/34 "2011-07-21T18:49:01Z")
> [@Qin\_Shi\_Huangdi](#): > > What should be done about raising the debt ceiling and more broadly what should be done to start lowering the US’ massive debts and deficits? > > My plans in order of preference: > > 1. The Gang of Six Plan-Provided there are no new taxes and it just involves elimination of tax breaks and loopholes (and thus simplify the tax cut) and the majority of savings are spending cuts I will support it (yes I am a fairly moderate Scott Brown-style Republican on most issu3es except abortion). > 2. Cut, Cap, and Balance Plan-The vast majority of the Republicans in the House have approved it and I don’t think a BBA is unreasonable considering 49 states already have such a law. > 3. McConnell Plan-Only a temporizing solution but at least it might raise the debt ceiling > 4. Bachmann Plan-Opposition to raising the debt ceiling shows great principle considering President Obama himself claimed raising the debt ceiling during the Bush years was a “failure of leadership” yet the Republicans have overwhelmingly put country before party and have given up a magnificent opportunity to expose the hypocrasy of the President on the debt ceiling issue to save the country from economic crisis. My plan is a lot easier and less complicated: \*\* Reduce spending. \*\* Wasn’t that easy? --- _[View the full topic](https://boards.straightdope.com/t/the-debt-crisis-thread/589786)._