US house rejects spending bill after lawmaker pay raise was taken out
(www.zerohedge.com)
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There is no debt ceiling at all right now, so wouldn't any ceiling be better? All a ceiling really does is cause congress another fake battle to avoid shutting down anyway, before they raise it again.
Besides, isn't it going to take a few years to close the deficit and get the alternative means of raising revenue going?
Really the only way to stop the deficit is entitlements... The rest is mostly noise.