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The often repeated argument regarding the debt 'ceiling' is that we are only paying debts that we have already incurred. But, when the question of matching our spending to our income is raised, the circular logic is always that we've got to avoid the 'emergency' that will follow if we don't pay our debt now (... implied, someday far away we will actually think about curbing our spending).
America is a dysfunctional family that allows it's non-producing, profligate 'Uncle' to repeatedly drive the entire family into debt with uncontrolled spending that benefits only him. Other family members include about five workers for every ten family members ... which consist of indolent adults who feel entitled to not work, because 'Uncle' tells them they are 'entitled' to be paid without working ... in exchange for their support of his spending habits. There are also elderly parents who worked to support the family for 35-45-years, yet, whose savings were also raided by the 'Uncle' ... are who are now considered no more 'entitled' than those who never worked.
Finally, there are some very young family members and others who are unable to work (who do not simply submit claims to their uncle for unseen ailments). Money is set aside from the income budget for them, however, the 'uncle' spends that too, and then claims that the workers are to blame ... because they don't contribute 'enough' to the family. Oh yes, there is also a busybody neighbor who spreads daily rumors to every community household, claiming that the 'Uncle' is only taking care of the family ... and the workers are being selfish and unreasonable to expect any reduction in the Uncle's 'generous' spending.
Of course the family is helplessly mired in debt! But, not to worry! The Uncle has started a 'counterfeiting operation' where he is simply printing more money to cover his profligate spending. Of course, this will rapidly deteriorate the value of all the money, but, that seems better to the 'Uncle', the busybody neighbor and non-working family members, than to actually reduce spending.
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