Should the debt ceiling be eliminated?
 

The Obama administration has suggested eliminating the debt ceiling which would allow the executive branch to borrow how much money they want.

Good idea or not?

Yes.

One correction though, it doesn't allow the executive to borrow "how much money they want", it allows them to borrow exactly the amount of deficit spending already passed by Congress. Congress passed the deficit, requiring them to pass another bill allowing the Treasury to fund that deficit is pointless and antiquated.

No other country has a "debt ceiling" and it serves absolutely no purpose other than destabilizing markets. Eliminate it.

Typical misleading framing of the issue. It is not about borrowing as much as someone wants. It is about paying bills that are due.

This is one of the few polls I can actually vote on, because the phrasing of the issue in the poll is well done, and the answer on this issue is so clear.

It should absolutely be eliminated.

BS poll worded to get the response of the R's. The president doesn't get to spend shit without Congressional approval.

It's paying back the money that was spent by Congress. R's control congress, correct? You don;t want to spend more money? The R's control Congress and Congress controls the money.

This debt ceiling debacle of last summer was pathetic. We already spent the money. We are only talking about paying it back. There is no way in hell that Obama will be dragged into another debacle like last year. The country won't stand for it.

It's a totally ****ed up idea. We pay the money that we owe. We don't default on our loans.

R's, you want to quit spending money, your in control of Congress. GIT-R-DONE.

Successful businesses and successful households have a debt limit.

And a ****ing budget which none of these jokers in DC think is important

And a federal government is exactly the same thing. :facepalm:

And, those things really don't have a debt limit anyway.

No they dont. What the hell are you talking about?

Sure they do. Go try to borrow 10 million dollars.

Well said

If you actually think thats a valid response then you have no idea what the debt ceiling is or how it works.

So, that's a law, right?

Why don't we just move to a monarchy? What's the point of checks-and-balances if people just want to eliminate them because they're inconvenient?