What good is a National Debt Limit if it can be raised every time it is reached?

isn't it up to the government to stay within the limit it previously agreed to?





If the answer to a limit increase request is always yes, why even have a limit?|||You are correct. That is why it is so important to get this under control. Significant long term spending cuts need to be attached to any agreement to increase the debt limit for the short term. We need to increase the limit to cover our short term obligations, but we also need to be assured that spending will be brought under control to prevent further need to increase the debt limit. This is what congress is debating now. I think the only real question is how significant will the spending cuts be. Repulicans want deeper cuts than Democrats are willing to give up.|||None. We have all this income coming from our tax withholdings on each and every paycheck.





They can spend that steady stream on paying our debts, or they can buy more stuff, like Cash for Clunkers.





The Rebublicans want to spend the money on our debts. The Democrats want borrow more and keep on trucking.|||It is good for hype, rhetoric, finger pointing, and trying to force the hand of the other side. Both parties are just playing chicken with each other now to see who gives in to the other, before the artificial limit is hit.|||Any increase to the debt limit should be tied to a proportional reduction in the salary of every congressman who votes for it.|||It is no good. A meaningless debt limit is meaningless.|||you ah wise beyond yeahs, grasshoppah.|||Agreed.|||About the same good as cutting taxes and spending at the same time.|||Better yet do you ever recall them lowering it?|||It's meaningless.





Being debt free is entirely something else though.|||That depends on GDP growth if we are growing we can raise the limit but if we are not then...|||very good point





when we normal folks reach a limit,that is it|||Its a bad joke. Not very funny.











Fight the NWO!