Raise debt ceiling should be tied to line item veto. That’d work. Put the pressure on Trump or any president to balance or explain. Gets Congress off the hook.
Government spending controls are impossible in our present Federal Reserve monetary system with a fiat, totally unbacked currency.
it is the foundation of progressive, socialist government. Note when the first “debt ceiling” was created - a mere 3 years after the creation of the Federal Reserve.
Its like a heroin user who is able to manufacture his own supply.
Don’t see why these have to be somehow linked. No matter what the mechanism is, if there’s a desire to spend more, some creative way to get around it would always be found.
Yep, the debt ceiling covers money ALREADY SPENT! Many, lf not most, don’t understand that. Try telling your credit card company you’re not going to pay your bill because your family won’t go along.
The Congress, the GOP and Paul Ryan are supposed to be our “ spending controls”
Not some imagjnary number worked out in back room uniparty political porking
Don’t forget the press’s involvement here. If anyone tries to limit the debt, the press will blast them repeatedly as being mean, racist, heartless, etc. until they pass a higher limit on spending other people’s money.
We don’t need any more debt, and I find it hard to believe that the only way to pay our debts is to incur more of it.
Please call your Congresscritter at (202) 224-3121 and tell him/her “No more debt.”
He proposed getting rid of the debt ceiling entirely. It’s not a bad idea, but only if you control future spending.