There hasn't been a point in it EVER, if all they need is a simple majority vote to continue smoking the fiat currency crack.What's the point of a debt ceiling anymore??
there hasn't been a point in it for 9 years.... it was 5.6 trillion ceiling right before bush took office.... the only thing the ceiling does, is make us talk about it the next time they raise it, so i suppose that is a good thing....?
the ceiling means nothing...other than a trumped up word to make themselves appear better.
Cutting long term spending is the only thing with meaning, and haven't seen any of that...not yet...though i still view it as early in the game, because we have been in a recession, where cutting back spending only tends to hurt us during a recession...so says economists in general.
My problem with the spending so far, is that it is not as focused as i would have expected it to be in key areas, such as long term infrastructure projects, or in the ''stimulus realm'', other than the new home ownership credit and yes...cash for clunkers...i believe this stimulus has worked....but if you add up the money in the stimulus bill and minus out infrastructure projects and the 2 stimulus programs that did generate an increase in sales
I wonder where the other 600+ billion went of this stimulus money?
i think they spend it first, then ask to raise it....then they say, ''all will freeze up'' if they don't raise it...''they have to raise it to pay the bills...'' crapola.