…Well, I’m not sure what it means. But it sure doesn’t make sense when you look at the big picture. A credit card company wouldn’t increase a deadbeat’s credit limit, so why is it a sign of fiscal prudence to give Uncle Sam more borrowing authority?
That being said, I never thought it was realistic to block a debt limit increase. Indeed, I fully expected an unsatisfactory result.
But this cartoon is a pretty good summary of how Washington thinks.
Doh! I was domain searching at namecheap.com and went
to type in the domain name: http://danieljmitchell.
wordpress.com/2011/08/20/if-raising-the-debt-ceiling-and-issuing-more-debt-was-the-way-to-preserve-americas-credit-rating-that-means/ and guess who
already had it? You did! lol j/k. I was about to shop for this domain name but noticed it had been taken so I figured I’d come check it out. Nice blog!
Yes, I do property management. The thought of raising the debt ceiling was, in my mind, quite similar to the city code compliance officer raising the acceptable height of the grass so that he wouldn’t have to mow his own lawn. This is so black and white for me…not sure how this even happens.
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Good common sense analogy.
Sums it us beautifully. Brilliant!