Who needs a Debt Ceiling anyway?

27 Jul

The debt ceiling’s already been raised 70 times without a problem – until Obama…(“Guardian” blogger.)


If raising the debt ceiling is “without a problem”, I am mystified as to why bother with one at all? Let’s all just keep borrowing ad infinitum …… after all, the more you borrow, the more your lenders are chained to your survival – as we have seen with the smug EU elite bailing out Greece to save French and German banks.

No, I’m against any debt ceilings …. on and up to infinity and beyond … YIPPEE …..

And inspired by this infinite elasticity of debt ceilings I’m off to see my bank manager to negotiate the removal of my own debt ceiling. If ONLY I’d thought of this before!!


Posted by on July 27, 2011 in European Union


Tags: , ,

2 responses to “Who needs a Debt Ceiling anyway?

  1. peter brown

    August 2, 2011 at 4:23 pm

    Hi Chris,
    The sad fact is that today we seem to have politicians without principals and in most cases without policies! The News International saga has shown the degree to which our senior politicians would bend their knee to owner of a newspaper ( or two!) So who was running the country?
    Brown or Murdoch?

  2. Chris Snuggs

    August 2, 2011 at 5:51 pm

    Hi Peter – the amazing thing is that everyone seems to agree on all this, but nothing much seems to change … we seem to be stuck in a time-warp, unable to improve.

    Personally, I think we need an end to career politicians who’ve never done a real day’s work in their lives. We need people like YOU in Parliament! A five-year stint, then withdraw …..

    Oh well, ….. in another life perhaps.


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