The Groundlings may like the drama, but the Doyens of Dollars don't.

I'm no fan of Jamie Dimon but this system of arguing about debt management every year without ever actually implementing a debt management strategy is no system at all.

I agree. It is time to fall one way or the other. Then, adjust, adapt and move forward.

Well, that's the thing - this has been going on for what, ten years now?

Maybe it's NOT time to fall one way or the other. Maybe it's time to read the writing on the wall: the status quo *IS* the middle-ground compromise we've been looking for. And always was.

I am actually a deficit hawk, by nature. Deficits are great as temporary stimuli for economic downturns. I am a fan of Keynes, but not his dismissal of the long term effects of deficits. Tax cuts should require commensurate cuts in services. Republicans have punted on accepting the responsibility for their tax cuts since "Reagan proved deficits don't matter," according to Dick Cheney.

Clinton tried to balance the budget, and succeeded to a degree. Obama was a pragmatist, but, the Great Recession dictated his economic behavior. Biden is right about the need for infrastructure investment. And he has shown a willingness to be responsible and pay for it with taxes, rather than borrowing. I'd like to see a bi-partisan problem solving group come up with a long term plan.

My bias would be for baseline funding for necessary government programs. Any increase in a specific program would have to identify a funding source. When total expenses exceed revenues, there would have to be a funding source I.D.'d, either fees or taxes. IUnfortunately, I don't think that Republicans can be trusted to fix a problem they created out of a desire to make long term funding of "social programs," impossible due to overwhelming debt, aka "Starve the Beast." I would love for them to prove me wrong by exhibiting some sense of responsibility in increasing taxes to cover outlays, instead of their bias for "Borrow and Spend."

I apologize for the typo in the above. I think I exceeded the word limit and I could not edit it. So I exited. I would add that I favor a series of small pay downs of the current debt. Single digit (under 5% per year) retirements of debt, until it is under control, would be my preference.

Since when does it follow that a bozo like him is in sync with the party that wants term limits and debt ceilings?

Leftards love quoting corporate globalists as though they own the local hardware store and go to church every Sunday. With these counterfeit Leftards, content, context and accuracy do not matter.

Thank you for your valuable input.

I see it like this - If a person calls their credit card company and asks the limit to be raised even though the person hasn't paid one cent then the personal taking the call has every right to tell that person to go screw him/herself while laughing before hanging up.

The Government should be treated the same way because it's OUR MONEY they keep using to raise the the debt ceiling while digging the debt hole deeper and deeper!

Can you produce evidence that this is what you said the three times the debt ceiling was raised under Trump? You must have been irate when he cut taxes by trillions and then borrowed more, right?