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A Debt Ceiling Holds Our Economy Hostage

If Congress doesn’t raise the ceiling, one of the political parties threatens to bring our economy to a halt. That is not a sensible way to run a government. That’s why only the US and Denmark have a debt ceiling set at an absolute amount rather than a…

If Congress doesn’t raise the ceiling, one of the political parties threatens to bring our economy to a halt. That is not a sensible way to run a government. That’s why only the US and Denmark have a debt ceiling set at an absolute amount rather than as a percentage of GDP like other developed countries. More

The post A Debt Ceiling Holds Our Economy Hostage appeared first on CounterPunch.org.


This content originally appeared on CounterPunch.org and was authored by Nick Licata.


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