Protecting the people from debt and overspending should be our goal
Remember, this fiscal cliff was only created when Congress failed to create a plan to address the debt crisis.
So, getting back to the most important fiscal problem, we must fix THE DEBT that is both unsustainable and is leading us into DEFAULT and global economic collapse as we continue to borrow. It is clear that, in terms of debt risk, ceilings hikes are never good, in fact, they only raise the risk of default, increase the cost of debt and accelerate the path to inevitable default.
If you understand this distinction, then you must recognize that “unsustainable debt” must be ENDED in order to prevent debt from regrowing after partial reductions are used.