by Doug Casey, International Man:
International Man: The US federal government has raised the so-called debt ceiling 104 times since 1944.
Shouldn’t they call it a debt target instead of a debt ceiling?
Is this whole thing a farce?
Doug Casey: The situation is completely and irredeemably out of control. It’s a farce. Quite laughable, except for the fact it’s so deadly serious.
Can they reduce the debt ceiling or the amount of debt? Or even slow down its growth at this point? No.