Thread: Economics The Debt Ceiling Approacheth
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Old 01-06-2013, 09:30 AM   #25
FD FD is offline
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Join Date: Dec 2006
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Quote:
Originally Posted by the steam View Post
The debt ceiling should just be made 500 trillion dollars. Can someone please explain to me the reason for having a debt ceiling if it is just going to be raised everytime we hit it? Not being sarcastic, seriously what is the point of having a debt ceiling?
There is no point. Its an anachronism from a time before modern budgeting, and no other country has one.
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