Tuesday, July 12, 2011

Simple Way To Resolve Debt Ceiling Impasse

Congress could easily avoid the necessity for raising the legal limit on the government's indebtedness.


All it would have to do would be to limit appropriations sufficiently to hold expenditures by government down to the point that they do not exceed its revenues.


Voila! No deficit spending, and therefore no increase in indebtedness. Therefore no necessity for any increase in the debt ceiling.

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