IF you raise the United States debt ceiling can you still say there is a ceiling? I would think not. When you increase the ceiling, you aren’t just remodeling the room, you are fundamentally weakening the structure, by creating a problem with how the building bears the overall load.
This sounds like the musings of an engineer. Let me assure you that I am not. As a former gifted educator, I did work with students to solve problems in math in which an engineering conundrum was the focus. Such things as bridge building projects, using toothpicks and Elmers™ glue show students that the math involved in the design of the project must also provide a correct calculation that will provide support for the greatest possible weight the structure will hold. Some of these have held more than 200 pounds, and the number of toothpicks is fixed for these events.
That is how the debt ceiling should be managed. As long as we keep raising it, the spenders in the Senate will keep on sponging like a shopaholic maxing out a credit card.
Geitner calls for raising the debt ceiling, and this is to be expected from a man who doesn’t file or pay taxes, and gets a walk for it. Ben Benanke has shown how incompetent he is at managing the money supply via the Fed (a private corporation given too much power).
The American people have been duped, and they just seem to refuse to admit it, instead of demanding that the government stop the insanity. Our personal budgets can no more stand this kind of mismanagement than the national budget can. it has to stop.
How? Write your representatives and demand that they listen to you. Demand a balanced budget and an end to runaway spending. Do it for the strength of the nation, before the government bankrupts you.