I just read a point of view I hadn't even considered and hadn't read anything about until this morning. Let's repeal the Debt Ceiling. The end result of the debt ceiling is that the Democrats lead by Obama who had an unassailable majority in both Houses when Obama took office passed bills with no real opposition, like ObamaCare, with Republicans barely able to get a word in edgewise. Now after all that rampant spending and ill advised "Stimulus" spending which had little effect in ramping up the economy, the Republicans are invited to share the blame in crafting a solution to fix the "overflowing levees" of our budget.

The Republicans are now invited to come up with cuts in the spending the Democrats almost unilaterally enacted. and thus share "the blame" in the cutting of programs that might be unpopular.

Without a "Debt Ceiling", the problem would be totally Obama's and his administration's burden and people would see who was truly responsible for the mess the country is in, at this point in time.

http://www.nationalreview.com/articl...-thomas-sowell

http://www.stockmarkettoday.cc/moody...ic-crises.html