The United States Does Not Need A Debt Ceiling
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In my opinion this makes the debt ceiling a formality, one that should be abolished. As the U.S. economy and population grows so does our national debt. As long as U.S. debt is considered a risk-free investment around the world there should not be a limit to its size, it just keeps growing. Supply and demand will determine our debts’ value. If debt is growing too fast investors will slow purchases and the interest rates paid on this debt will rise. When Congress sees the cost of our debt rising it’s time to cut government spending to reduce the growth of the debt. That’s economics 101. When you consider that the United States guarantees the $6 trillion in debt and mortgages of Fannie Mae and Freddie Mac during conservatorship, the U.S. debt is at least $22.7 trillion, but Congress is not concerned with this fact. This only shows that the ceiling of our debt will continue to rise, so why have a limit?
“Anti-Aging” Formula Receives United States Patent
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