From: grarpamp <grarpamp@gmail.com> On Sat, Oct 3, 2015 at 9:32 PM, jim bell <jdb10987@yahoo.com> wrote:
(say, $500 billion), Congress should raise it $XYZ-million per day. Thus
Sorry, but debt is supposed to be something incurred in a time of need which you are generally able to repay in a mutually acceptable timeframe. When you start pushing 100yr schedules, you're approaching lifetimes of humans and govts themselves, funny that structuring ;-) I think you misunderstood me. I was not somehow "approving" debt, especially not debt of the magnitude of 18 trillion.Rather, I objected to the practice of raising the debt limit in large instantaneous jumps, in contrast to small, daily raises.And, I also objected to NOT using the debt limit as a further lever by Congress on President Obama, and the minority Democrats in Congress: Congress should allow a daily debt limit rise which is coupled, soon enough, by limits on spending which Obama cannot veto, and which the Democrats in Congress cannot filibuster. Jim Bell