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Is it a good thing for the US to get rid of the debt ceiling as Bernanke suggests?

 
Prescott
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01/17/2013 01:33 AM
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Is it a good thing for the US to get rid of the debt ceiling as Bernanke suggests?
So what is the price of the technology that we have sold to other countries (China)? What true value does the debt ceiling hold if there has been under the table deals to other countries? Is the aid we send to numerous countries deducted from our national "debt"? How does this all work?

Personally I could care less what this number is because I will refuse to pay any of it.


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"Telling the Truth Is An Act of Revolution"- George Orwell
Anonymous Coward
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01/17/2013 01:36 AM
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Re: Is it a good thing for the US to get rid of the debt ceiling as Bernanke suggests?
Why not?


They ignore it anyway. How many times have the past the last debt ceiling?


They have to keep crossing the line, they have no choice unless the strip the military budget to the bone.

But, To many people are making money off of war... so.... keep the gas for the money printers to the floor until the wheels come off.
Anonymous Coward
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01/17/2013 01:36 AM
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Re: Is it a good thing for the US to get rid of the debt ceiling as Bernanke suggests?
The debt ceiling serves 1 purpose and 1 purpose only. They think it lends some credibility to their unbacked paper dollar. If they didn't have a ceiling then their debt would look rather risky since there was no spending restraint, far more risky than AAA rated paper. But guess what? They spend like drunken sailors on crack anyway.

Its all just for show, they have raised the limit over 75 times so far, its all a joke while the rest of us have our wealth and earning potential watered down day after day after day.....
Prescott (OP)

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01/17/2013 01:58 AM
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Re: Is it a good thing for the US to get rid of the debt ceiling as Bernanke suggests?
Maybe I should have made a poll about this instead...
"Telling the Truth Is An Act of Revolution"- George Orwell

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