The Other McCain

"One should either write ruthlessly what one believes to be the truth, or else shut up." — Arthur Koestler

Does Anyone Know Why We Have A Debt Ceiling?

Posted on | January 22, 2010 | 10 Comments

by Smitty (h/t Drudge)

If the Democrats want to keep raising the debt limit, as with this $1.9T proposal, then what is the point of having one?

The national debt either:

  • Has some meaning other than the obvious one for the common people,
  • Has already snuffed us, so WTF?,
  • Is problematic, but the country is in the very best of hands, so be patient,
  • None of the ‘experts’ have clue #1.

If the Tuesday election of Brown is any indication, it’s option #2 or #4.

Category: Uncategorized

Comments

10 Responses to “Does Anyone Know Why We Have A Debt Ceiling?”

  1. CCZ
    January 22nd, 2010 @ 2:00 pm

    This only empowers the Fed by telling them to print more fiat currency.

  2. CCZ
    January 22nd, 2010 @ 9:00 am

    This only empowers the Fed by telling them to print more fiat currency.

  3. Joe
    January 22nd, 2010 @ 2:54 pm

    Doesn’t Mrs. McCain have a debt ceiling on you?

  4. Joe
    January 22nd, 2010 @ 9:54 am

    Doesn’t Mrs. McCain have a debt ceiling on you?

  5. Ron Jones
    January 22nd, 2010 @ 5:49 pm

    We have a debt ceiling so that the tax-and-spenders on both sides of the aisle have cover.

    We have debt so that politicians can buy your vote with unsustainable programs like Social Security, Medicare, compulsory government education, etc, etc…ad nauseum.

    Q: What does your grandkid do when you hand him a $13 Trillion+ credit card bill after living the high life for 90 years?

    A: He pulls the plug on you

  6. Ron Jones
    January 22nd, 2010 @ 5:49 pm

    We have a debt ceiling so that the tax-and-spenders on both sides of the aisle have cover.

    We have debt so that politicians can buy your vote with unsustainable programs like Social Security, Medicare, compulsory government education, etc, etc…ad nauseum.

    Q: What does your grandkid do when you hand him a $13 Trillion+ credit card bill after living the high life for 90 years?

    A: He pulls the plug on you

  7. Ron Jones
    January 22nd, 2010 @ 12:49 pm

    We have a debt ceiling so that the tax-and-spenders on both sides of the aisle have cover.

    We have debt so that politicians can buy your vote with unsustainable programs like Social Security, Medicare, compulsory government education, etc, etc…ad nauseum.

    Q: What does your grandkid do when you hand him a $13 Trillion+ credit card bill after living the high life for 90 years?

    A: He pulls the plug on you

  8. JeremyR
    January 23rd, 2010 @ 1:12 am

    Debt ceiling, with them its more like debt sealing as in sealing our fate.
    remember the old song wake up or eat Sushi? What do the Chinese have for the poor?

  9. JeremyR
    January 23rd, 2010 @ 1:12 am

    Debt ceiling, with them its more like debt sealing as in sealing our fate.
    remember the old song wake up or eat Sushi? What do the Chinese have for the poor?

  10. JeremyR
    January 22nd, 2010 @ 8:12 pm

    Debt ceiling, with them its more like debt sealing as in sealing our fate.
    remember the old song wake up or eat Sushi? What do the Chinese have for the poor?