2min chapter

Odd Lots cover image

On the Debt Ceiling, the White House Is Doing What It Said It Wouldn't Do

Odd Lots

CHAPTER

The Debt Ceiling Is a Gimmick

Whatever happens, it's not going to change the long-term budgetary trajectory of the federal government. The debt ceiling is the real gimmick; it allows people to feign seriousness about the debt picture without actually doing anything to make a difference. Work requirements on welfare programs are not going tochange the budget picture. This is really something that is not a serious thing. No other country has it. And it won't impact the debt picture at all.

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