Federal deficits are necessary to a thriving economy. The debt ceiling is an anachronism from the gold standard days. It's not needed any more. The federal government is not beholden to a debt ceiling unless there are crass politicians using that vestigial measure as a political baseball bat. The federal government does not pay its debts with tax revenue. The federal gov. is monetarily sovereign thus self financing.
That's a lot to absorb. But it is correct.http://mythfighter.com/2009/09/07/introduction/
In what world is the federal govt self financing?!! You do know that the Federal Reserve is a PRIVATE CORPORATION right?! I can't even bring myself to insult you because you are clearly mentally ill to even believe such nonsense as your post in the first place, so it would be useless to try to talk you out of your illness. I think Michael Savage was exactly right when he said that liberalism is a mental disorder. You need to be quite mentally unstable to think any part of leftist ideology makes any sense in any way. And these policies are exactly why we are at the precipice of total collapse.