Friday, March 2, 2012

What is the connection among the national debt and raising the debt ceiling?

Most well-known debt in divorce:
Question by Paul S: What is the connection between the national debt and raising the debt ceiling?
There is such robust opposition to raising the debt ceiling. Raising the debt ceiling was a routine process till this time. Unless I am missing something, the national debt has nothing to do with raising the debt ceiling. I would appreciate any reference materials that any of you could supply.
To James Henry Milton IV - The debt ceiling was raised at least 7 times

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