Is Elon right or wrong on abolishing government debt limit?

[Charles West]

The debt limit is an artificial construct that impedes the legislative process, creating annual bickering over minutiae. A more critical question is managing the nine trillion in debt that rolls over in the next twelve months. This debt is keeping interest rates artificially high in relation to economic activity

 

[Zoe]

The debt limit is an artificial construct that impedes the legislative process, creating annual bickering over minutiae. A more critical question is managing the nine trillion in debt that rolls over in the next twelve months. This debt is keeping interest rates artificially high in relation to economic activity

Not sure on your synopsis. I think interest rates for banks are pretty much set on inflation to keep inflation around 2%. Trump has no control over Fed Funds rate they charge to banks to borrower or lend overnight.

No executive order can solve how the Federal Reserve Bank operates.

Now you know why Bill Clinton is my favorite POTUS despite his transgressions.

Bill Clinton was in the black as POTUS. He is also lucky Hillary didn't take him out.

Hillary, are you sure this glass of water is safe? Okay darling. I'm sorry baby.

 

[Zoe]

Alan Greenspan served under both politcal parties.

For your reference:

Chair of the Federal Reserve - Wikipedia

en.wikipedia.org

He served for 18 years.

None the less, when Clinton left office, he was in the black of federal deficit.

 

[Sadie]

Not sure on your synopsis. I think interest rates for banks are pretty much set on inflation to keep inflation around 2%. Trump has no control over Fed Funds rate they charge to banks to borrower or lend overnight.

No executive order can solve how the Federal Reserve Bank operates.

Now you know why Bill Clinton is my favorite POTUS despite his transgressions.

Bill Clinton was in the black as POTUS. He is also lucky Hillary didn't take him out.

Hillary, are you sure this glass of water is safe? Okay darling. I'm sorry baby.

You're back!

 

[Charles West]

Not sure on your synopsis. I think interest rates for banks are pretty much set on inflation to keep inflation around 2%. Trump has no control over Fed Funds rate they charge to banks to borrower or lend overnight.

No executive order can solve how the Federal Reserve Bank operates.

Now you know why Bill Clinton is my favorite POTUS despite his transgressions.

Bill Clinton was in the black as POTUS. He is also lucky Hillary didn't take him out.

Hillary, are you sure this glass of water is safe? Okay darling. I'm sorry baby.

Welcome back from Stir, Zoe. Your analysis, however, makes no sense, which is about par for you.

 

[Surf Cat]

The only way one is really going to deal with the debt is to deal with spending not the debt ceiling.

Yup..... taxing for 12 months but spending for 18.

Going to be hard to do when government and corporate greed are intertwined.

You can't just knee jerk on one thing. Like firing a bunch of government employees, without addressing the other issues like lobbyists influencing legislation in favor of their clients (large corporations) at the expense of the American people.

 

[Sadie]

If we don’t get the government debt under control the issue will not be the debt ceiling, but the entire economy. The debt ceiling issue is really a non-issue. And by focusing on it, the real issue of dealing with the debt and the strategies to deal with the debt are put on the back burner.

I don't think the answer is to give the Elon the keys to the US Treasury.

 

[Vermonter]

The unfortunate reality is that there is no way to reform government waste, overspending and corruption without major investigation, exposure and ultimately damage. Which is why no one has taken it on to date. Not seriously anyway. The deeper the corruption, the more damage necessary in rooting it out.