Robert ReichWhy in the world does Congress have to authorize borrowing for spending that it has already approved?
Here’s a suggestion...
Abolish the debt ceiling.
It serves absolutely no purpose. End the drama.
Tips for Overcomers@rbreich
This seems disingenuous. You know they won’t abolish it, because it _does_ serve a purpose, a very important political purpose. It would be more helpful to make _that_ point clear, and to talk about why and how voters can change that at the ballot box.
This seems disingenuous. You know they won’t abolish it, because it _does_ serve a purpose, a very important political purpose. It would be more helpful to make _that_ point clear, and to talk about why and how voters can change that at the ballot box.
Daniel Freysinger@daniel @rbreich
The purpose of the debt ceiling is for the minority to hold the majority hostage, to push through unsavoury legislation that the minority want. Much like the filibuster.
These are dangerous, illegitimate weapons. *That* is why they should be scrapped.
The problem is that both camps like these weapons, for when they are in the minority. They will not scrap them until the citizens loudly threaten “we won’t elect you unless you commit to this”.