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Abolish the debt ceiling


rb
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This is an appeal to my American friends. Please get rid of the debt ceiling.

 

The debt ceiling was not created to prevent the US from borrowing, quite the opposite actually.

 

Furthermore Congress is in charge both taxation and spending policies. The changes in the debt are a direct mathematical result of those two policies and should not come as a surprised. Congress implicitly approves changes in debt when it approves level of taxation and level of spending.

 

I know you like political games but please leave the largest, most important market alone and find some other toy to poke yourselves in the eye with.

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