JAX, Florida Elects A Democratic Mayor

[donquixote99]

Originally Posted by Rajoo

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.

Only because we choose to inflict this 'debt ceiling crisis' upon ourselves. In sensible countries, spending is decided upon, and revenue is decided upon, and the debt is what results, no meaningless ceiling exists.