US Debt Ceiling Limits

Politicians who refuse to increase the Debt Ceiling of the United States of America in attempt to gain perceived leverage in a political discussion citing differences on views for the size shape and funding of our government are playing with fire.

Most who speak on refusing to raise the debt ceiling without spending cuts have little understanding about our existing debt and the congressional irresponsibility to properly associate that debt with a realistic actuarial projection of our debt ceiling requirements.


The debt ceiling is the sum total of the debt our government has accumulated over the course of our 200 plus year history. Every year our congress passed legislation which includes budget bills and other unfunded expenditures, our government issued and sold bonds/bills to fund the government expenditures.

So as our government debt securities come due, some  securities are offered for a period of less than a year (treasury bills) and others are securities extended for periods up to thirty years. For example, a bond sold in 1983 with a 30 year maturity, come due comes due in 2013. Since the government is not running a surplus that means our government must be able to roll over this old debt security that's coming due. This can only be done by selling new debt.

If a politician really wants to start to pay down our countries debt, they must establish a budget with more revenue than spending. Any combination of raising revenue and managing spending which creates an annual surplus, ending deficit spending, is the path forward.


The debt ceiling is not a budget. And we depend on being able to find buyers for these new bonds so we can pay off the old bonds. Were we not able to do so, then the Fed would have to monetize the debt and the ensuing inflation would reduce America to a third world country with inflation like Zimbabwe.

If these knuckleheads really wanted to control our countries debt they would not have established temporary tax cuts which created budget deficits which added hundreds of millions of dollars to our debt year after year after year.

The time has come for citizens of the United States of America to increase their financial prowess.

Never allow a politician to demand spending cuts from basic important government programs that help citizens aspire to the American Dream due to the fact that these same politicians denied government adequate revenue from the entire preceding decade.

And our constitutions 14th Amendment forbids default. 

Is it treasonous not to support our constitution after taking an oath to do so?