What is a Debt Ceiling Anyway?

20 Jul

Is anyone else sick of hearing about the “debt ceiling”?  What is a debt ceiling anyways?  Is that when someone tacks their overdue phone and credit card bills to their ceiling to remind them just how desperately in debt they are? And what is the point of a debt ceiling if you can continue to raise it every time you need to just to keep from defaulting. 

All of this back and forth argument about an imaginary ceiling that nobody seems to understand has become quite exhausting.  I do know this: to get into debt you have to spend more money than you bring in.  So it stands to reason that some government spending cuts should be in order if they do raise this debt ceiling, otherwise we will find ourselves in this same predicament in a few years. 

Let’s talk about something besides this ridiculous debt ceiling… like the weather… man is it hot out there! And not just hot, but off the charts humid.  It is like breathing through a straw outside, which would be great if the air was comprised of a gigantic chocolate malt, but instead it’s just sucking in hot air, and then breathing fire.  So I digress… I hope everyone out there has air conditioning, or atleast a ceiling fan…oh no, not talk about ceilings again!

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