Doug Lerner reports from Tokyo and St. Louis, and points beyond…

The debt ceiling is ridiculous. It makes no sense – and is unconstitutional.

If the Congress doesn’t want debt it shouldn’t authorize spending. If it authorizes spending it has to live with the debt or raise enough revenues from taxes and fees to cover the spending they authorized.

Obama should just invoke the 14th Amendment, ignore the debt ceiling and get on with business.

doug

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Comments on: "The debt ceiling is ridiculous" (2)

  1. yackle01 said:

    Doug, I agree but why doesn’t he do it??

  2. Doug Lerner said:

    Overly cautious?doug

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