Should Congress Raise the Debt Ceiling?

In a word, no.  Here, in his usual clear and concise manner, Robert P. Murphy explains the issue in terms we can all understand.

He notes at the end of the article,

"Perhaps the strongest argument for not raising the debt ceiling is that the United States is bound to default — whether explicitly by reneging on payments, or implicitly by massive inflation — at some point anyway in the next decade or two. The government's own projections show the debt quickly rising to alarming levels under certain assumptions, and none of their models deals with the possibility of a continued depression and a collapsing dollar."

I keep saying it, hoping that repetition will finally get folks to give it a thought:  you can't borrow what hasn't already been produced and saved.  Even the U.S. Treasury can't.