"A #DebtCeiling is dysfunctional and periodically puts the #US economy in jeopardy because of political grandstanding.
The best solution would be to scrap the #DebtCeiling altogether. #Congress already approved the spending and the tax laws that require more debt. Why should it also have to approve the additional borrowing?"
https://theconversation.com/why-america-has-a-debt-ceiling-5-questions-answered-164977 #uspol
@jchyip But the laws DON'T require more debt. And Congress was always free to authorize more borrowing to pay for the programs they were promising.
It's not the #debtceiling that's dysfunctional. It's elected officials authorizing spending that we all know can't be afforded without putting in place a way to afford it at the same time.
The debt ceiling should be shining a light on that practice. Instead we're busy fighting over the symptom instead of holding accountable the ones who promised unaffordable programs.
