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Debt Limit: Both Sides Are Wrong

Both GOP and Dems are obsessed with cutting the budget deficit. This is wrong priority. We are still in depression and there is no end of it in sight. Debt limit should be raised, no budget cuts, no tax increases. 15 or 17 trillions - who cares. US has (so far) excellent credit rating, government can borrow below 3% for 10 years.
The goal number one: restart economy. Any deficit reduction, whether by taximg more or by reducing spending, will hit the economy. When unemployment is below 6%, we can talk deficit reduction. Not until then.