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Originally Posted by aceventura3
Let's.
The idea of a debt ceiling is not even serious. Just because we have a debt ceiling or just because we restrict borrowing that does not mean that the nation stops incurring debt.
Think about the importance of that statement for a moment. When you do, it is easy to realize that this whole raising the debt ceiling issue is a manufactured one.
The simple answer is this:
The President of the US has the Constitutional obligation to pay the bills incurred by Congress. I did not use the words, option, privilege, right, I used the word obligation. In my view the President has no choice but to pay the nations bills, even if he has to print more currency to do it.
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Many of us admit that the debt ceiling thing is political. Now if only the Republicans would just get out of the way.
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Obama and almost every sitting Democrat in office today voted against the last debt ceiling increase, saying it was irresponsible. What did she say about that? .....sounds of crickets chirping....
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I can't recall which economic crisis was going on at the time Bush was pushing to increase the debt ceiling. Can you remind me?
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Knowing that death is certain and that the time of death is uncertain, what's the most important thing?
—Bhikkhuni Pema Chödrön
Humankind cannot bear very much reality.
—From "Burnt Norton," Four Quartets (1936), T. S. Eliot
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