The debt ceiling is a dysfunctional relic that should be jettisoned TODAY.
It does nothing to limit spending. It's only result is to bring about chaos. It does nothing to reduce spending, does not reduce the deficit and does not encourage fiscal responsibility. Rather, it creates economic chaos, political brinkmanship and damages American credibility. It routinely fails to prevent the excesses it pretends to remedy. It is little more than a political cudgel, a stage for partisan theatrics.
It does nothing to limit spending. It's only result is to bring about chaos. It does nothing to reduce spending, does not reduce the deficit and does not encourage fiscal responsibility. Rather, it creates economic chaos, political brinkmanship and damages American credibility. It routinely fails to prevent the excesses it pretends to remedy. It is little more than a political cudgel, a stage for partisan theatrics.
