Political posturing trumps economic sense. It is reprehensible how politicians waste our time with whimsical notions about "debt ceilings" and "budgets." A federal debt limit is much like other government guidelines—e.g., "speed limits" and "filing taxes"—that exist only theoretically. In the past decade, Congress has raised the debt limit -- instituted in 1917 to restrain ... MOREDavid Harsanyi: Our Imaginary Debt Ceiling
Political posturing trumps economic sense. It is reprehensible how politicians waste our time with whimsical notions about "debt ceilings" and "budgets." A federal debt limit is much like other government guidelines—e.g., "speed limits" and "filing taxes"—that exist only theoretically. In the past decade, Congress has raised the debt limit -- instituted in 1917 to restrain ... MORE