The debt ceiling is a stupid distraction. Either we are spending too much or we are not bringing in enough revenue or both. The result is repayments on borrowing. We should restore taxes on higher earners to where they used to be and make more sane financial decisions with the budget. It was 50% in the 80s and 70% in the early eighties. You can’t cut revenue if you don’t cut spending!
The debt ceiling is a stupid distraction. Either we are spending too much or we are not bringing in enough revenue or both. The result is repayments on borrowing. We should restore taxes on higher earners to where they used to be and make more sane financial decisions with the budget. It was 50% in the 80s and 70% in the early eighties. You can’t cut revenue if you don’t cut spending!