Let’s Get Rid of the Debt Ceiling

By: Erik Soderstrom (Diary)  |  November 26th at 06:49 PM  | 

Treasury Secretary Timothy Geithner has taken a lot of criticism for proposing the elimination of the US debt ceiling.  But what is the point of a debt ceiling if we crash through it on a rocket-propelled spending binge every time we get there?  As a debt-control measure, the debt ceiling is a complete failure, one the private-sector would have long-ago relegated to the ash-heap of | Read More »