…Well, I’m not sure what it means. But it sure doesn’t make sense when you look at the big picture. A credit card company wouldn’t increase a deadbeat’s credit limit, so why is it a sign of fiscal prudence to give Uncle Sam more borrowing authority?
That being said, I never thought it was realistic to block a debt limit increase. Indeed, I fully expected an unsatisfactory result.
But this cartoon is a pretty good summary of how Washington thinks.
