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Don t Raise the Debt Limit Without Getting Spending Under Control

Don t Raise the Debt Limit Without Getting Spending Under Control
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Hicks: Debt ceiling an anachronism

Prior to the twentieth century, the United States did not have a “debt ceiling.” Article I, Section 8 of the Constitution mandates Congressional approval of all spending and issuance of

United statesBill clintonBarack obamaRichard nixonNewt gingrichTreasury departmentWorld warDemocratically controlled congressImpoundment control actPresident bill clintonHouse republicansGephardt rulePresident barackFourteenth amendmentHe economyUblic financing

Debt Ceiling and Threat of Default Has Become a Weapon

The century-old debt ceiling has become a tool for both parties to risk default to get the spending they want.

White houseDistrict of columbiaUnited statesNew yorkMitch mcconnellDonald trumpChuck schumerGerald fordRonald reaganJimmy carterDwight eisenhowerBill clintonJoe bidenNewt gingrichJohn boehnerBarack obama

The debt limit is a loser s game

The debt limit is a loser s game
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The economics of the debt ceiling debate

Brookings experts explain and analyze the economics of the federal debt ceiling debate.

United statesSophia campbellLorae stojanovicLouise sheinerNoadia steinmetz silberLen burmanJanet yellenWendy edelbergWilliamg galeLeonard burmanDavid wesselCongressional joint economic committeeMonetary policyHutchins center on fiscalHutchins centerTax policy center