July 14, 2011
UPDATE: Reader Steven Soerens writes: “Yesterday you highlighted the idea that an increase to the debt ceiling should be expressly limited to the amount necessary for covering the increased cost of borrowing to roll-over the debt. I suggest to add the additional stipulation that whatever program(s) President Obama decides to defer payment should be declared ‘non-essential’ and de-funded from next year’s budget.”
I think that any bill to increase the debt ceiling should limit Presidential air travel to half the hours of the previous year, along with any other conditions. Let him veto it then.