comment: >
  
  I have spent some time looking at the history of the debt ceiling and I've seen nothing that indicates the point of it is what you say.   Perhaps you can provide more information on that?
context: In short? It would quite literally cripple the economies of most of the Western World and cause severe short-term and long-term financial crisis. Just flirting with this stupid disaster in 2011 - not even actual default, just the idea that they could - resulted in a loss of billions of dollars. It's reckless, irresponsible, and incredibly dangerous to even entertain at the highest levels of government. >
  
  Well I mean its going to have to be dealt with eventually. Debt-to-gdp ratio has been increasing since like the 80s. So it should be a concern for the highest levels of government. >
  
  The debt ceiling does not prevent debt from being accrued, only from being paid. >
  
  Indeed, which is why I asked what his plan was for that.  The point of the ceiling(which I agree is a failure of a legislation) is to stop and address the issue.