Here it is headed towards the middle of the fifth month of 2023, a year that I began promising myself I would start posting regularly again! Oh well... I am moved to do this post due to the totally manufactured "debt crisis" that Congress is foisting upon us, the taxpayer - AGAIN! Why do we have to raise the debt ceiling again? What is the debt ceiling? Why does any of this matter? The debt ceiling was put into place in its modern form with the Budget Acts of 1939 and 1941. This established a limit to how much debt could be incurred by Congress to try to cap the cost of borrowing and spending. The issue has been, especially of late, that Congress just passed another set of rules saying they could increase this limit at will. (obviously assuming that the two parties could agree on the amount and vote it through) So, the limit is really just a suggestion, more or less. The debt ceiling has to be raised because Congress/the Federal Government is spending more than is being tak
The universe, by definition, is infinite. It is arrogant for us to think mankind can formulate all the questions much less grasp all the answers.