Quote:
Originally Posted by ninjaface
Debt ceiling is a non-issue. It's been raised ~100 times in the past. Reagan did it 17 times. Dubya did it 7 times.
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You can't really call it a non-issue just because it has been done before. It's not as if the debt ceiling got lowered after each raise. While you could consider this particular time to be an arbitrary one, sooner or later the point has to be raised that the country can't run on a defect forever.
There is only so much money to borrow before the costs become prohibitive. At some point in the future, the largest economy in the world should be able to be enough to run the government.