Debt Limit

Special Publication

The Crazy Debt Limit Should Go

The original purpose of the statutory debt limit was to remove the requirement that Congress authorize individual issuances of debt, rather than keep the government from acquiring too much debt.

Blog Post

Why the National Debt Just Hit $20 Trillion

September 13, 2017
On Sept. 8 the national debt increased by over $300 billion, surpassing $20 trillion for the first time in history -- a symbolic reminder of the federal government’s flawed fiscal policy. But how exactly did we get to this point, and why was there such a sharp increase in a single day?