posted on Feb, 10 2014 @ 12:03 PM
Thats just it! Maintaining a debt limit, is like having overdraft protection on your checking balance. It comes in handy!
But blatantly abusing your overdraft, to the point you just keep begging the bank to extend the overdraft ceiling so that you're literally using your
CHECKING account as a LOAN WITH NO CREDIT LIMIT?
Surely you'll end up bankrupt and beyond. Its even worse when you keep printing more and more money, but still are in ever increasing DEBT.
Raising the debt ceiling is AVOIDING the real problem, of where is all the funds actually going? They are being abused, stolen, and hoarded left and