If Congress can, and does, raise the limit any time expenditures look like breaking through it, in what sense is it a “limit”? The only real limit on how much you can borrow is how much other people are willing to lend you.
And at what price...?
Monday, July 18, 2011
Quote of the Day
John Derbyshire, writing for National Review Online, about the debt limit kerfuffle:
