It seems that the debt ceiling is really to be considered as a Bond rating for economic principles of information and supplying scarcity (no definition to scarcity here: just the context of currency backing for the bill; being informed that the Bill is justly acquirable by the customer). But there was supposed to be a contracting Law for the new politics of the Land. No taxation without representation; in the case of the government dealing the taxing of the citizen to overcome such "material discrepancy of payments" values; there can be applied a Law: the government cannot tax the people for it's own mistakes or their mistakes (two wrongs and all that...) the taxation has it's balanced budget to attain. So the law is to make a standard for taxation, make it that the government does not tax above a limit for only trustworthy contracts. And as far as the government is concerned; it is guilty till proven innocent. And the Law does not work for anybody but it's application to constitutional dreaming about being just mean spirited that high taxes make for harder work. If you don't like your job then change it. LOL.