As we noted last month (Debt Ceiling Limits 1939- 2011), from our elected eejits of both parties, this is simply bad behavior/kabuki theater:
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
How DARE you make mockery of the “raising of the debt ceiling” when so many talk radio, op-ed writers, and seasoned political veterans make a living off it. You’re anti-business Mr. Rithholz.
“When you come to the fork in the road, take it.”
Yogi Berra.
The legend is that to get to Yogi’s house there was a fork in the road and either way got you there.
But that takes away from the saying.
Hey, you are giving Kabuki a bad name by comparing it with that!
Every budget approved by congress should have an automatic increase of the debt ceiling to whatever number the national debt is projected to reach 3 years later (based on the approved budget). It is absolutely moronic to allow a separation of peoples votes for spending and tax cuts from their vote for actually paying for those decisions about spending and tax cuts.
I wonder how many readers actually know what a cloture vote is.
We’re Greece with prettier girls.
Stop the spending.
@FS:
Who is “we”? And why are you Greece? With respect to what are you Greece?
All spending? Or which one?