Comment: The concept of a dept ceiling is dead

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The concept of a dept ceiling is dead

Congress put a fig leaf over it, but the debt ceiling law is a dead letter.
The Obama administration has made it clear that he will issue Executive orders to by-pass the debt ceiling based on two things: the Constitutional requirement that he faithfully execute the laws which have already been passed and funded. A Debt Ceiling is not a Constitutional mandate. It is a law passed by Congress, and when the Congressional law is in conflict with a Constitutional mandate, the law loses.

Sooooo...until Congress actually repeals laws and defunds programs, there is no impediment to spending.'

The Debt Ceiling is dead. Once Obama ignores it, the principle will be established and Congress will have been diminished. That's why Congress had to come to deal: to protect the appearance of relevance.