In response to:

Debt Limit, the GOP, and Picking the Right Fight

Notredamemom Wrote: Jan 19, 2013 9:35 AM
One point we agree on, Dan, is that the GOP is not serious about controlling spending. They're picking the debt limit so they can some symbolic drama, after which they can roll over and let things continue on the present path.
ppotts Wrote: Jan 19, 2013 3:00 PM
I think its the other way around, no more laying it on the GOP. at least they are up and moving around. The senate is fat lazy and old and their whole thing is raise taxes, raise taxes, lets grow some more government entities. The money they put out there doesn't even help the people , all it does is make some more overpaid government employees, not in the private sector. Its like a snowball rolling down hill adding weight with every spin.

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...