Looks like Ben is at it again.

http://washingtonexaminer.com/bernanke-get-rid-of-the-debt-ceiling-it-has-no-practical-value/article/2518534#.UPSEWB1Ft9h

Yes, Federal Reserve chairman Ben Bernanke is once again promoting questionable economics.  We've all heard about the debt ceiling debates, where Republicans and Democrats bicker about whether or not it's a good idea to continue spending more money than the government actually has.  It's happening again.

Mr. Bernanke - along with Treasury Secretary Tim Geithner - is now promoting the idea that the debt ceiling should be removed altogether, stating that it "has no practical value."  Mr. Bernanke, is, in fact, partially correct.  Up until recently, raising the debt ceiling was simply one of the things that Congress did, with relatively little debate, if any at all.  It was purely symbolic.  However, in the recent past, advocates of cutting spending have used the debt ceiling as leverage, threatening not to pass it unless spending reductions are made.  Now it is very useful, as a means to avoid over-spending.

The point of the debt ceiling is to prevent the United States from going too far into debt; I have yet to see any person suggest that increasing an individual's debt is a good thing, and I fail to see how it is a good thing for a government either.  To my knowledge, nobody else ever suggests that the solution to too much of something is to allow more of it.  The fact is, what Mr. Bernanke is suggesting boils down to "We need to let the government spend as much as it wants, no matter the consequences."