2min chapter

Open to Debate cover image

Should Congress Abolish the Debt Ceiling?

Open to Debate

CHAPTER

The Positive Function of the Debt Ceiling

The last eight major spending changes were all tied to increases in the debt limit. This is like social security is known as the third rail of politics because nobody wants to touch it. We're having a conversation right now, aren't we? It would be great if we could start addressing that earlier.

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