Raising the debt limit is just common sense; we are told! After all, Congress passed laws that established the debt, and now we have a moral obligation to pay that debt. That’s not difficult to understand, says the President. The inarticulate Republicans seem to be swayed by his illogical explanation.
No, Mr. President, a debt limit is a debt limit. It has intrinsic value. It had value when the President, as Senator, was voting against raising the debt limit. Nothing has changed.
There are many options to maintain our current level of debt. You could repeal or amend the legislation that the President claims he is bound to support or you could sell assets, etc. But, you don’t have to exceed the current debt limit. That is a personal choice.
However, you do have a moral obligation to tell the whole truth. It is depressing to think about the number of people, who unwittingly, accepts the President’s sales pitch.