Quote:
Originally Posted by Dondilion
With the ballooning debt, there is a need for a serious attitude to the ceiling. The ceiling should engender fiscal discipline. I agree the Republicans by and large are posturing, but at least they are drawing attention to continuing bad practices.
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Ceiling is just a final tally of the amount authorized to borrow and is based on the final (deficit) spending and its after the fact. It's the spending that needs to be managed line item by line item during budget negotiations and then revenues need to be addressed to support the spending. But these are seldom done which then creates an annual debt ceiling crisis.
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The issue today is the same as it has been throughout all history, whether man shall be allowed to govern himself or be ruled by a small elite. Thomas Jefferson
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