So, lemme see if I get this right.  According to the rationale of the author of this article, the solution to our problem is to, essentially, raise the debt ceiling?  How in the world do you propose that will take care of it?  For example, say a person makes $50,000 and has $100,000 in debt.  How in the world does raising that individual's credit to $150,000 fix his problem exactly?  Really, people!  I don't know what's worse if your stupidity or your delusions.

Well, Lucky, you do not understand that the economy set up in 1913 is a giant Ponzi scheme. Every “dollar” in circulation is a debt bearing instrument. Interest on the earlier investors (buyers of Treasury securities) must be paid by principal generated from later investors. If new debt is not issued, there is no new principal to pay the interest due except to consume some of the principal from the initial investments. But that reduces the amount of base money in circulation that allows bankers to make loans using the fractional reserve scheme; i.e., the money in circulation starts to be dramatically reduced which will collapse the economy. Just as in any Ponzi scheme, it is expansion or collapse---but collapse is inevitable when new investors (buyers of issues of T-securities) cannot be found. Ref. http://www.ncc-1776.org/tle2010/tle592-20101017-05.html