The U.S. Federal $Debt $Limit - Doesn't Work. Soooo, What Next ?

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US lawmakers pass spending bill to avert government shutdown​

House of Representatives also votes to keep the lights on in government facilities for at least another six weeks.
The short-term fix was pitched after negotiations on a full-year budget were stalled by the demands of House Republicans for deep spending cuts and sweeping immigration reforms

Published On 19 Jan 2024
The US Congress has passed a short-term spending bill to thwart a partial government shutdown that threatened the functioning of multiple key federal agencies and could have seen thousands of employees sent home without pay.
With large sections of the government due to close at the end of Friday, the House of Representatives voted 314 to 108 on Thursday to keep the lights on for at least another six weeks, approving a measure that was previously passed by a Senate vote of 77 to 18.

www.aljazeera.com

US lawmakers pass spending bill to avert government shutdown

House of Representatives also votes to keep the lights on in government facilities for at least another six weeks.
www.aljazeera.com www.aljazeera.com


I know of no other nation on Earth that has a "debt ceiling". It seems to have been created with best of intentions, to restrain $runaway U.S. federal spending.

It doesn't work. $34 $Trillion $+ https://fiscaldata.treasury.gov/americas-finance-guide/national-debt/

Instead the U.S. federal debt ceiling has produced periodic funding crises with one political party or another holding the entire government hostage to that day's political cause célèbre, currently U.S. Southern border security.

Isn't it past time to retire the failed U.S. federal debt limit, and replace it with a more viable standard, such as limiting next year's budget to the previous year's revenue?
 
‘Cut up the credit cards:’ Congress is getting brutal about ‘embarrassing’ $31 trillion national debt
Eleanor Pringle / Updated Fri, May 1, 2026 at 5:48 AM GMT-5
The value of debt held by the public has officially surpassed the size of the U.S. economy, and members of Congress are increasingly sounding the alarm over the fiscal trajectory of their nation.
As of March 31, debt held by the public stood at $31.27 trillion, while nominal GDP over the prior 12-month period was an estimated $31.22 trillion—pushing the debt-to-GDP ratio to 100.2%, according to a press release issued Thursday by the Committee for a Responsible Federal Budget (CRFB), based on new data from the Bureau of Economic Analysis.
It marks yet another threshold for the U.S. borrowing burden, which now requires more than $1 trillion in interest payments every year.

Not sure why there's a $7 $Trillion discrepancy.

US Debt Clock: National Debt​

$38,952,605,043,947
www.us-debt-clock.com

You Owe $115,000 — US Debt Clock (Live)

The US national debt just passed $39 TRILLION. That's $115,000 per citizen. Watch it grow $532 every second in real-time. See your share, DOGE savings, and what it means for your money.
www.us-debt-clock.com www.us-debt-clock.com

But it's clear President Trump's War on Iran isn't helping to reduce $federal spending, or consumer prices.
 
Not to worry - regardless of which number is correct ($31 trillion or $35 trillion) it's still short by (at least) $150 trillion - by definition, the national debt excludes the funding shortfalls for Social Security and Medicare as well as other government pensions.
 
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