And this comment is coming from the same guy who said that George Bush was unpatriotic (or words very close to that) when he wanted to raise the debt ceiling several years ago. Now, in this strange parallel universe of Obama, it’s entirely the right thing to eliminate the ceiling altogether.
Not that the Republicans in the house have the ‘nads to do it but I think an appropriate response would be to agree to increase the debt limit the equivalent of one month’s borrowing. When you run through that come back and we’ll talk about extending it another month, and so on and so on. Only each extension would be reduced by 5%.