There's no actual debt ceiling right now | The Daily Caller:
There is no debt limit between now and February. BO can borrow and send money to his cronies with abandon.
The idea of "no limits" is a fundamental difference in human thinking. The conservative / constrained / "tragic" vision / world view is that man dies, man is limited and not perfectible, "progress" often isn't, and "new and improved" often isn't.
The liberal / unconstrained / utopian vision / world view is that man is infinitely perfectible. All problems, even death will be solved as time moves on through infinite "progress".
If you read this blog regularly, you are very likely "constrained". All Christians are constrained, because they believe that man is fallen and needs a savior as well as that God's laws are eternal so are "curbs" to mans greed, sloth, lust, covetousness, hubris, etc
I cover the EXCELLENT book "A Conflict of Visions" on this subject by Sowell here.
It is also covered in significant scientific detail in "The Righteous Mind".
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