The Debt Celing: Up, UP, And Away

DANGER, Will Robinson!

A Treasury Secretary’s Farewell Plea: Get Rid of the Debt Ceiling

(excerpt)

Treasury Secretary Jacob Lew says Congress should scrap the federal debt limit because it isn’t an effective device for imposing fiscal discipline and instead provokes partisan standoffs that threaten economic calamity. Mr. Lew, who completes his term as head of the Treasury Department when the Trump administration takes over Jan. 20, offered his parting plea...[1]

WHAT???!!!

Okay, lets dissect that:

1. He says "it isn’t an effective device for imposing fiscal discipline". Well how the hell would he...THEY...know that - when none of them...democrat or repub alike...has ever practiced FISCAL DISCPLINE by NOT continuing to raise the Ceiling?!   

2. Then the imbecile said that the Debt Ceiling "provokes partisan standoffs". OMG, they STILL believe that we're stupid enough to buy that hot, heaping pile of MANURE! There's been NO "partisanshit" whatsoever!  The Ceiling has been raised consistently since Obama took office back in 2009!     THAT's what has not only "threatened  economic calamity" - we are on the brink of collapse. 

The TRUTH of the matter is that DC does NOT WANT to have to ANSWER TO the taxpayers by having to EXPOSE their actions - thus be held ACCOUNTABLE each and every time the Debt Ceiling does get raised - thus, putting the chances of another term at risk!  It isn't about "fiscal discpline" at all!  It's ALL about their POWER; their PERK$; their OWN financial security.  Which is why I have NO doubt...ZIP! NADA!...that ALL of the GOP establishment...and, yes, perhaps pe Trump...would be on board w/ Lew!  DON'T GO BACK TO SLEEP, folks!  The DC machine NEVER does!

That's MY not-so-humble opinion!

Luis 

[1] http://blogs.wsj.com/economics/2017/01/04/a-treasury-secretarys-farewell-plea-get-rid-of-the-debt-ceiling/

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