[knarf]

From what I gathered on CSPAN this morning, the debt ceiling is raised so they can spend now so that in 5 or 10 years (I forget which) we can save (spend less?) money.

So this is a double edged sword on the necks of Americans.

[GeronL]

They will never spend less money.

This deal has no effect on future budgets and nobody is going to remember it in 5-10 years any way

[JediJones]

Sure, it’s like me charging 10 grand on my credit card today and making a “plan” to pay it off plus interest in less than 10 years. At that point anything I earn will be put into my savings. In what universe is this is a responsible way to “save?”