Things I don't understand about the debt ceiling

[fadedrose]

7. You just touched a nerve....

Bonds.

I wrote to a whole bunch of Congress people, Senators, TV hosts, TV stations, about the government getting out of the bond business except on the internet.

I was buying a $25 bond a month for grandchildren and they stopped last January selling paper bonds. My son was getting one a pay from his pay check.

They cater to the stock market too much, and the big banks. We people who are poor would like to save a bit now and then, but at .05 Interest? Back in the day people used their 4% interest on savings to once year buy a couch or chair, etc. And toys are so expensive that many of us would rather buy a bond than a barbie doll...

I STILL don't like the term "debt ceiling." I think the name of it is what causes people to HATE hearing about it.

But thank you. All the convincing in the world will not change my mind. The name should be changed to something with "renewal" in it. It works for the library. Hmm, maybe debt renewal sounds better.