3min chapter

Open to Debate cover image

Should Congress Abolish the Debt Ceiling?

Open to Debate

CHAPTER

The Debt Ceiling and the Politics of Debt

In absence of the debt ceiling, there would be virtually no functional control of the mounting of the debt. I think things do happen when voters decide to put a party in control. Big things happen with really big things happen without the debt limit. They've happened historically back in the early 90s. We will try everything, go down every single path and that's what we're doing on every single issue from climate to social security to Medicare,. But ultimately we will find the right path forward because we always have. Our system does work.

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