In response to:

Debt Limit, the GOP, and Picking the Right Fight

Fuzzy2 Wrote: Jan 19, 2013 10:34 AM
When what you've been doing never works, try doing the opposite. It's amazing what happens when people see you doing right and get a little faith in you.

In an ideal world, Congress would not raise the debt limit.

This would force – automatically and immediately – a balanced budget. More important, it would produce a meaningful reduction in the burden of government spending.

And contrary to hyperbole from defenders of the status quo, it doesn’t mean default since the federal government collects about ten times as much revenue as needed to pay interest on the debt.

But even though that seems like a fantasy outcome for people like me from the Cato Institute, I actually...