7/18/11
Why didn't we think of this - Zap the debt ceiling period
Moody’s: Get Rid of Debt Ceiling - The Daily Beast: "Here’s one way to avoid this mess again: Moody’s, the credit-rating agency, urges the U.S., in a new statement, to eliminate the debt ceiling entirely. Arguing that it creates “periodic uncertainty” among bond investors." We essentially have already. The goal of pay as you go is still the best goal and the economics that hallows deficit spending is what ultimately has to go. Paying the piper is what we must do as a new and sustainable and person-centered economy takes the place of a corporate, military, reifying, predatry, debt-ridden one.
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