Vote on Debt Limit increase?

[Riot]

Originally Posted by dellinger63

Yea act like a crack addict and apply for more credit. That will show our creditors (China). Like a normal american family in financial trouble credit cards need to be cut in half and we need to make due with what we have. No more money for Fannie, Freddie or USPO or any of our other deadbeat relatives.

The debt ceiling is far more than just a credit card, Dell. That is certainly NOT what it's main purpose is. There seems to be some misunderstanding, that the debt ceiling is "that's all we can spend". No. That is NOT it's purpose.

Freezing it doesn't keep us only spending a certain amount, like some arbitrary limit to "paycheck" income - it makes us default on our loans because we can't pay, because we don't have the ebb and flow capability within our own financial systems and internationally to transfer money readily to meet our obligations. Can you understand the difference?

To do what you wish, we would need billions in cash literally sitting in a bank somewhere. You understand that doesn't exist, that's not how it works, right?