Photo: Rainer ebert
Smash the Ceiling
The truth is that the United States doesn’t need, and shouldn’t have, a debt ceiling. Every other democratic country, with the exception of Denmark, does fine without one. There’s no debt limit in the Constitution. And, if Congress really wants to hold down government debt, it already has a way to do so that doesn’t risk economic chaos—namely, the annual budgeting process. Full Story »
Posted by Mary Hartney - via Memeorandum, Mark Suwyn (t), Ray Nichols (t), Josh_Young (t)
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