I am not sure where the debt ceiling came from. It is not in the Constitution.
Moody's suggested the US would be better off without it. The WSJ editorial page points out that of all the things the debt celing does, controlling debt is not one of them.
Would we be better off not having a debt ceiling and concentrating on getting balanced budgets?
Moody's suggested the US would be better off without it. The WSJ editorial page points out that of all the things the debt celing does, controlling debt is not one of them.
Would we be better off not having a debt ceiling and concentrating on getting balanced budgets?