Would you approve of just scrapping the debt dealing altogether, meaning that if/when Congress approves deficit spending, it also automatically approves the ability to pay for it?
It's nice for congress to run into a brick wall once in a wall. Let's them know we hate them.
Any discussion of debt calling is pxxxxxg in the wind
Yes. The debt ceiling is not and cannot be effective in reining in debt, except as an economic weapon of mass destruction. It's so risky that even the talk of refusing to raise the limit has already cost billions of dollars.
Now how do we get more people to realize this?
Yes the debt ceiling creates a false promise. It's like agreeing with your spouse that we will lease a car without agreeing to pay for it.
Definitely. There is no debt except for that, not just incurred by congress, but actually *required* by congress. So what is the point of a "limit" placed on congress by congress that congress not only will raise, but *must* raise?
The ceiling is there for a reason. To keep an administration in check with their spending. 17 trillion is a lot. You owe 150 k! Pay up!
Feel free to share this. I want to get as many points of view as I can
Wouldn't that make more sense
Yes. Most countries,do this and don't threaten the world economy every x months when they have to negotiate a new ceiling.
Most countries are broke. Only Germany is in pretty good shape. Frugal group.
Most countries don't threaten to tank the world economy by not raising a debt ceiling and going into default
They already tanked it without our help. 2/3 thirds of the Greeks work for the government. How can they sustain themselves.
Retire at 52 with full pay and benefits. They made their own bed.
Merkel is tired of funding europe. They should have a war and this time we don't help them.