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The real question should be: Just what is the point of a "debt ceiling" if, every time we get near it, it simply gets raised to allow more debt to be aquired?
by pwg 16y ago
The real question should be:
Just what is the point of a "debt ceiling" if, every time we get near it, it simply gets raised to allow more debt to be aquired?
It is not really a ceiling if it never actually stops the debt from growing.
- davewiner 16y agoThat's correct. It's completely unnecessary. The budget that was passed by Congress and signed by the President dictates the finances for the country for the next twelve months. Its dishonest for a party to have voted for the budget and then to turn around and blame the other party for the spending it dictates. The time to have this fight is when deciding on the budget. Not by holding the economy hostage.