Because it's a case of checks and balances and the Treasury simply hasn't got enough gas in the tank to make good on their obligations.Raising the debt limit is insane, as it's just a "can kick forward" for a short period of time.Increasing debt does not solve a debt problem and is akin to extending a credit card borrowing limit to pay off a mortgage.All downward spirals go to zero unless there's effective intervention at "ground zero".OTC Derivatives are what caused a four-year correction into the current Armageddon scenario.OTCs only go one way and that is Up - changing the nominal values are determined only camouflages the "obligations deficit".It does not solve them and are merely Ponzi stooges.
