Those pesky debt ceilings are just never high enough. Not $10 trillion, nor $14 trillion or even $18 trillion. The problem with debt ceilings is that, in a nation of runaway, criminally insane debt multiplication, debt ceilings keep getting in the way of what the globalist banksters really want: INFINITE debt!
Those are the words of U.S. Treasury Secretary Timothy Geithner who said on Bloomberg TV, "We ought to just eliminate the debt ceiling."
Infinite debt equals infinite spending.
Infinite debt also equals infinite enslavement, and that's the point of it all. Every dollar created by the Fed and loaned to the U.S. Treasury is another dollar for which American taxpayers are placed in hock to the global banksters.
Infinite government growthInfinite spending is also infinite power over the economy. A government that has no limits on spending has no limits on its growth. It also has no moral restraint over the scope of the domain it claims to control. Need another 200,000 TSA agents to run crotch-o-rama checkpoints on the streets of America? No problem: There's no debt limit, so just invent the money out of thin air and spend away!
Need to give out more free goodies to dumbed-down voters who only elect whichever candidate promises the most handouts? That's easy, too: Just create more money out of thin air, rack up a few trillion dollars in additional debt, and use the money to hand out Obama phones, food stamps, welfare checks or whatever it takes. When debt no longer has any meaning, the sky's the limit on spending, and political office can easily be bought by promising more handouts.
What happens when all the new debt comes due? That's easy, too: Borrow more money from the Fed to make the interest payments on the existing debt! They're just numbers, after all, right? It doesn't actually matter if there are 15 zeroes after the leading digit or 24 zeroes, does it?
In a nation where the vast majority of voters are no longer capable of grasping simple mathematical concepts (like compounding debt), whether the debt is 16 trillion, or quadrillion, or quintillion seems to be of no consequence whatsoever.
That is, until the day of financial reckoning arrives.
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