The Debt Limit Isn't Working; a More Effective Mechanism to Control Debt is Needed

Published Sep 26, 2017. By Bob Bixby.

With the national debt surging beyond the $20 trillion mark and Congress considering legislation that would produce even higher deficits than are already projected for the coming decade, the federal debt limit is receiving some much-needed scrutiny.

President Trump has suggested doing away with the debt limit, and some lawmakers recently introduced legislation to do so.

Clearly, the federal debt limit isn’t living up to its name, and we should stop pretending that it is.

Read More here or at The Hill.