Secondly this isn't like buying a car. Because the US Treasury doesn't offer credit to Congress they are ordered to find it by issuing US Bonds. The US Treasury doesn't make a decision on how much to spend, they merely are there to facilitate the borrowing process when Congress orders them to borrow. They make NO DECISIONS on their own, and have no authority to do so, they work entirely under the orders of Congress. In this case they are simply saying to Congress "Just thought you might wanta know but if you want to finance all your spending you have to tell us to borrow more and allow us to do so."
The Treasury is simply doing its job, by informing Congress of the financial situation of the US budget AND requesting Congress raise the debt ceiling so it can finance the spending, IE its job, financing spending. If they don't get a new ceiling they will simply wait for orders from Congress for what spending will not receive funding, and once Congress decides that they'll finance them.
I don't approve of raising the debt ceiling or more Congressional spending, however the debt is NOT the fault of the US Treasury they simply do what they are told to serve the government in the way they are directed.
Republicans acknowledge debt limit should rise | Reuters
Even Republican leadership understands the dire need to raise our nation's debt ceiling. I guess now the only people who want to see the United States default on her debt, further stagnating an economic recovery, are Tea Partiers.Treasury Secretary Timothy Geithner pressed lawmakers to raise the nation's $14.3 trillion debt limit to allow the United States to borrow more and avert a crisis in the coming months.
House Budget Committee Chairman Paul Ryan, a Republican, said he recognized the need to allow the government to go deeper in debt.
"Will the debt ceiling ... have to be raised? Yes," said Ryan, who leads Republican efforts to slash deficit spending.
But he called for deep spending cuts in 2012 and the Pentagon announced it would trim its budget by $78 billion as both government and opposition in Washington vied to outdo each other in promises of tighter spending.
One of you will end up here next!