Concord Coalition Says It's Time To Raise and Reform the Debt Limit
January 14, 2013
WASHINGTON -- The Concord Coalition today urged elected officials to promptly raise the federal debt limit and then reform the debt limit process as part of a comprehensive plan to put the budget on a more responsible course.
“There should be no delay in voting to increase the debt limit. Despite its name, the debt limit has never proven to be an effective means of controlling debt. And yet, failure to raise the debt limit risks serious long-term harm to the nation’s creditworthiness,” Concord says in a new issue brief on the federal debt limit.
