But that has nothing to do with the debt ceiling. If my credit card changes my borrowing limit from $10,000 to $15,000 does that mean my debt has gone up $5000? No. It isn't until I put more on the credit card that my debt goes up. So the only way to prevent debt from going up is for Obama and the Congress to stop spending like crazy people.
“If my credit card changes my borrowing limit from $10,000 to $15,000 does that mean my debt has gone up $5000? No. It isn’t until I put more on the credit card that my debt goes up.”
The CC would only increase your available credit if you asked them to. You would only be asking them for the increase if you knew you were already planning on spending it!
“So the only way to prevent debt from going up is for Obama and the Congress to stop spending like crazy people.”
If the debt ceiling is not raised, then it will be illegal for them to spend more than they take in....not that laws mean anything any more!
The relationship between an increase in the debt ceiling and congress’s meeting and exceeding that debt ceiling isn 100%.
The increase in debt ceiling brings an increase in debt, 100% of the time.
Most foolish voters in history.
” All it does is it says you got to pay the bills that you’ve already racked up.”
What part of “already racked up” don’t you understand?