What Thomas Jefferson's favorite economist would say. The last time the debt-ceiling controversy arose, it occurred to
me that if the raising the "ceiling" is a mere formality—if in fact
the sky's the limit to government borrowing—it's no ceiling at all.
Hence, I dubbed this charade the "debt sky." Those who favor automatic increases in the "limit"—or no limit ... MORESheldon Richman: Against Government Debt
What Thomas Jefferson's favorite economist would say. The last time the debt-ceiling controversy arose, it occurred to
me that if the raising the "ceiling" is a mere formality—if in fact
the sky's the limit to government borrowing—it's no ceiling at all.
Hence, I dubbed this charade the "debt sky." Those who favor automatic increases in the "limit"—or no limit ... MORE