Originally Posted by the steam
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.
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.