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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: zzpat who wrote (1031612)9/22/2017 7:18:10 PM
From: Brumar89  Read Replies (1) | Respond to of 1578930
 
I assume you meant to say RAISING the debt ceiling doesn't raise the debt.

Certainly when Congress and the President sign spending in excess of expected income from taxes and fees, THAT is what raises the debt. The debt ceiling is just a tool, used to bargain for things like sequestration (automatic spending cuts) to get some spending discipline.