Remarkable: a Republican president advocating for the permanent removal of federal government borrowing limits. http://wapo.st/2jbm9Oy pic.twitter.com/EWYVhCUvqI
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No one responsible takes risks with the collapse of world financial markets. It's a very practical view.
When was the last time it needed to be raised and wasn't? It never happens. Yet it forces a nation examination of spending and that's key.
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Also think about that logic. When was the last time you died playing Russian roulette? Never? Does that mean it's safe? Selection effect
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I have huge respect for you Evan but you're just wrong on this. Playing games with the foundation of the world economy is scary scary stuff
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The credit downgrade we hit was directly caused by the last debate over raising it. That had a real multi-billion dollar cost
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I disagree. All it does is allow people to play politics with the debt ceiling and add unrelated items to the bill to raise it.
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Not just spending. Income distribution trends is the key when you fund everything with income tax. We never talk about that.
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