Originally Posted by Direckshun
Except that it's not. Not remotely.
We've deficit-spent liberally for decades now with a debt ceiling cap we've moved at will.
The United States has dealt with debt crises in the past without some arbitrary ceiling.
There is literally no reason for it to exist.
Agreed. Its a complete anachronism in the world of modern budgeting and should be done away with.
Homer: [looking at watch] Two hours? Why'd they build this ghost town so far away?
Lisa: Because they discovered gold over there!
Homer: It's because they're stupid, that's why. That's why everybody does everything.