i thought cutting was the goal?

[dellinger63]

Originally Posted by Riot

The debt ceiling limit is a minor housekeeping accounting procedure that allows cash flow to pay our bills. It is not a reference "ceiling" for future spending when budgets are prepared.

Similar to an individual checking account used to pay household bills and expenses.

If that individual has maxed out his own credit cards/borrowing against his 401K/IRA and is now receiving credit based on his children's future earnings and borrowing money he'll never pay back from his wealthier neighbors.