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Simple solution to defuse the debt ceiling time bomb is to have Treasury debt held by the Fed from QE asset purchases not apply to the debt ceiling. It's debt the government owes itself.
4 comments:
Is this drama going to happen every year from now? End it already, I beg you americans!
Ignacio, probably 90% of us think we have to borrow to spend.
The only thing we want to end is spending. Lemmings.
Simple solution to defuse the debt ceiling time bomb is to have Treasury debt held by the Fed from QE asset purchases not apply to the debt ceiling. It's debt the government owes itself.
Is this drama going to happen every year from now?
only when a democrat is in the WH
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