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View Diary: Very Simple and Permanent Solution to Debt Ceiling (19 comments)

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    Having a law that sets a ceiling on borrowing to cover spending Congress has already authorized seems both superfluous and an invitation to default. For this reason Henry J. Aaron, a senior fellow at the Brookings Institution, recently described the ceiling in the New York Times as "the fiscal equivalent of the human appendix -- a law with no discoverable purpose."
    http://finance.fortune.cnn.com/...

    “Texas is a so-called red state, but you’ve got 10 million Democrats here in Texas. And …, there are a whole lot of people here in Texas who need us, and who need us to fight for them.” President Obama

    by Catte Nappe on Mon Oct 07, 2013 at 01:35:31 PM PDT

    [ Parent ]

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