Tuesday, April 19, 2011

Why bother raising the debt ceiling?

It strikes me as absurd that Congress and the President even bother to go through with the formality of raising the debt limit. Why have a limit at all when it can be raised at will?

The real debt limit is how much foreigners are willing to lend us before they decide Treasury bonds aren't a good investment anymore. Nobody knows what that limit is, and I just assume that we never find out.

No comments:

Search This Blog

Offices on the Ballot - Allen County 2024

  OFFICES ON THE 2024 BALLOT ALLEN COUNTY INDIANA   FEDERAL   President of the United States United States Representative Dist...

Blog Archive

Labels


Brgd. General Anthony Wayne US Continental Army

Sitemeter




My blog is worth $11,855.34.
How much is your blog worth?

Followers

About Commenting

Keep it clean and relevant to the post. If you have a question that isn't related to a recent post, email me at enders.robert@gmail.com . You can also email me if you want to make an anonymous comment.

DISCLAIMER

Per the by-laws of the Libertarian Party of Allen County, the Chair is the official spokesperson of LPAC in all public and media matters.

Posts and contributions expressed on this forum, while being libertarian in thought and intent, no official statement of LPAC should be derived or assumed unless specifically stated as such from the Chair, or another Officer of the Party acting in his or her place, and such statements are always subject to review.