jonny5
DP Veteran
- Joined
- Mar 4, 2012
- Messages
- 27,581
- Reaction score
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- Location
- Republic of Florida
- Gender
- Male
- Political Leaning
- Libertarian
The debt limit does not limit spending it limits debts already incurred which something no other country has because it is stupid idea. It doesn't stop congress form making a budget with multi-trillion dollar deficits or contorting spending. Like the video points out it it is terrifying for everyone watching so please get rid of it.
The debt limits debt, by definition. And therefore limits deficit spending. I don't care what other countries think.