Raising the Debt Limit

If you max-out your credit card, then you need to slow your
spending until you are below your spending limit again.
Since World War II, government spending, on average,
accounted for around one-fifth, or 19.6 percent, of GDP.
Today, Federal spending accounts for over 25 percent of GDP.
Cut, Cap and Balance:
Cut spending to match revenue - without raising taxes!
Cap Federal spending at 20% of GDP.
Pass a Balanced Budget Amendment to enforce frugality.
Keeping the debt limit should curb profligate spending and
will not cause a default. I would furlough the Secretaries
of Energy, Education, HHS, HUD, Commerce, Interior, Labor,
State and Defense and all but a skeleton force of their
civilian employees.