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The Borrowing Power: Should the Sky be the Limit?

March 15, 2012
By KATHRYN SAFREED - JFK High School (PageOne@tribtoday.com) , Tribune Chronicle | TribToday.com

When the framers first created the Constitution of the United Stated of America, they gave Congress the power to borrow money. However, one thing they did not do was set a limit on how much Congress can borrow. This has made it so that Congress can borrow as much money as they want from the states, foreign investors, and even United States citizens through bonds. This has left behind a question pondered by the citizens of the United States for centuries: Should Congress have a limit on how much money they can borrow in one year?

 
 

 

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