Brother, Can You Spare $29 Trillion?
September 29, 2021
Well, it's time for one of those periodic "debt ceiling" fights in Congress. Every so often, American politicians argue over whether to allow themselves to borrow more money, with their promise to beat it out of your hide, plus interest, later, as their collateral.
These fights get dramatic, in the manner of a "professional wrestling match." Sometimes there's even a fake "government shutdown" until one side finally cries uncle and agrees that under no circumstances must the US government live within its means and that more money will just have to be borrowed.
Why? Because they can, that's w...