Realistically, is there any debt ceiling?
Why don't we just key it to the rate at which we print dollar bills and let it go at that? Ir would be much more realistic.
As a sample numerical example, if this year we print 7 billion one-dollar notes and next year we print 8 billion one-dollar notes, next year we simply automatically, by law, raise the debt limit by a factor of eight-sevenths (14.3%). Simple dimple, easy peasy, numble dumble.
And it affords a much closer approach to the true state of affairs.
Terry, 230RN