In my humble opinion, the concept of voting on increasing the debt ceiling is bogus. The time to think about the debt ceiling is when the budget is passed. At that point, the money is committed to be spent. The intention is to spend it. The Constitution doesn’t require a debt ceiling. The only thing I could find in the Constitution is that we should pay all our legal bills. No exceptions. Voting on the debt ceiling after the budget is passed is a form of double jeopardy. Haggling over the debt ceiling is a waste of time that could be used for other purposes. The legislature has so much to do and each issue needs to be reviewed. Don’t waste time.
DEBT CEILING
Published by PDR
I would say, for the most part my life has been low key, but I do have some experiences not everybody has. I graduated from the University of Washington with a Business degree majoring in accounting. I have worked for two of the components of the Dow Industrial Average index. I was briefly a member of the 1% club and misplaced my membership card. I have ridden motorcycles, wrecked a 40’ boat, had a 36’ boat destroyed in a marina fire and spent two weeks in court being sued for $500k (I won). As a self-employed builder, I built over 300 homes and had 20 people working for me. I still have a couple of dragons to slay, this blog being one of them. View all posts by PDR
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Pete's Wisdom 