Why do they even call it a "limit" or "ceiling", anyway? In aircraft terms, a "ceiling" is an altidude beyond which the plane cannot climb; in political terms, a "ceiling" is just any one of a series of ever higher points on a curve that went asymptotic long ago.
In the world of personal finance, credit card limits work because your credit card magically stops being able to buy stuff when you reach them. Congress, on the other hand, just tells the cashier "Run it again, it'll work," and it does!
And let's be honest with ourselves here, we're now doing this crazy Mall of America shopping spree entirely with imaginary money that nobody with half a brain thinks we will ever be able to pay back and probably no longer even intend to. We're just going to keep putting stuff on this card until it stops working because none of the stores will take it anymore, the cops show up, or the mall burns down.
|It's cool, I know my limit.|