All the fuss over raising the national debt limit is silly and unnecessary. We ALL know that eventually the new debt limit will be reached. At that point, there will be the usual hand-wringing and gnashing of teeth among politicians until the very last minute.... then a new, higher debt limit will be agreed upon. After all, without the higher debt limit, the government will default, creditors will not be paid, the stock market will crash, and the sky will fall. We have heard all this before.
The solution is simple. Instead of "mere" billions or even trillions of a new debt limit, why not just skip all the intermediary theater and raise the debt limit by $999 Quadrillion. That way we won't have to have this debate for about 3 or 4 years.
That's 999 with 15 zeros. 18 digits. That's more digits than in a congressman's mistress' phone number. But, it's not a google plex. I'm feeling exponential today.
ReplyDelete