ST Alpha - "Do we trust our elected officials enough to not turn us into Greece if the debt ceiling goes away?" (Reading a Post)

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In response to "(That’s specially for the dumb coin idea. The debt limit should be eliminated) -- nm" by spamlet

Do we trust our elected officials enough to not turn us into Greece if the debt ceiling goes away?

Posted by Strongbad (aka Rambler14) Sep 28 '21, 08:38

Is > 100% debt ceiling to GDP ratio sustainable?

Responses:

Except we borrow in our own currency, so it’s not the same sort of risk at all. There are other risks, to be sure. -- (edited) - znufrii Sep 28, 08:43
Congress has raised spending/ cut revenues without regard to the debt ceiling for decades, so how would not having it change anything? -- nm - TWuG Sep 28, 08:41 3
- I realize that, which is the reason for my first question. - Strongbad Sep 28, 08:45 2
  - Given it's only a weapon really when the Dems are in power ... I don't think it matters. They'll do what they want - Will Hunting Sep 28, 09:04 1
    - 100% agree with your 2nd paragraph and the trend we have seen over the past 20 years. -- nm - Strongbad Sep 28, 09:09

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