Here's one solution for the debt limit: Abolish it

  • Article by: JIM PUZZANGHERA and DON LEE , Chicago Tribune
  • Updated: January 23, 2013 - 8:58 PM

Economists, Democrats say it's harmful and unnecessary. Republicans aren't so sure.

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MN's loneliest REPJan. 24, 13 5:36 AM

Eliminate the debt ceiling ?? Really ? Is this question really being asked or even considered ?? Well then, how about all of us just throw away our check books and credit card statements....if you have checks, write them out...no need to re-fill the bank account. And credit card statements...just stop paying them. This is worst display of shunning financial accountability I have ever heard of.

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theagonybhoJan. 24, 13 7:24 AM

QuitE possibly the most rediculous thing i have ever heard of, im on the phone with Visa right now explaining to them the way to fix my credit card debt is just abolish my limit.

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arielbenderJan. 24, 13 8:14 AM

MN's loneliest REPJan. 24, 13 5:36 AM Eliminate the debt ceiling ?? Really ? Is this question really being asked or even considered ?? Well then, how about all of us just throw away our check books and credit card statements....if you have checks, write them out...no need to re-fill the bank account. And credit card statements...just stop paying them. This is worst display of shunning financial accountability I have ever heard of___________Quit trying to equate a home budget with that of the largest superpower in the world. The two don't correlate.

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nandjjohnsonJan. 24, 1311:00 AM

What is lost in almost every discussion of the debt limit is the cost of debt. How much money taken from taxpayers has to go for the cost of carrying debt? According to TreasuryDirect.gov, the interest expense for fiscal year 2013 will be $133,728,304,681.78. What poor use of taxpayer money, just because our government has no fiscal discipline. We would be so much better off in the long run if we could do the hard work of cutting back on spending/cutting back expectations of government support for things that are unnecessary, to the point of eliminating the debt. But, is there a politician alive who has the strength of character to take on this challenge?

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MN's loneliest REPJan. 26, 13 3:05 AM

Arielbender....Why ? Is government not under the same obligation to fund it's expenditures just like balancing a household checkbook or paying a credit card bill? It's this type of denial that has put this country in the situation it's in. It's called FINANCIAL ACCOUNTABILITY !!! The 'agonybho' gets it....BTW agonybho, how did Visa respond to the plan ? ;)

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