The observation is that this bill, unlike others that have had a similar goal (both contested and uncontested) does not literally RAISE the ceiling. It SUSPENDS the ceiling. Although some new debt ceiling is supposed to go back on in January 2025, there is no number attached to that.
The question: does this mean that if no new number is agreed upon, Jan. 2015 (and a new inauguration) will come and go without any new cap? Could this suspension be a back door abolition? So that the blue sky is the new "ceiling"?
Perhaps one of you readers wise in the ways of Washington will be able to explain this to me.
Thanks.
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