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Next Time, Abolish the Debt Ceiling

The Fiscal Responsibility Act of 2023, the debt ceiling deal President Biden signed into law recently, served its primary purpose: avoiding default on our nation’s debt, which would have plunged the economy into chaos. President Biden also skillfully r…

The Fiscal Responsibility Act of 2023, the debt ceiling deal President Biden signed into law recently, served its primary purpose: avoiding default on our nation’s debt, which would have plunged the economy into chaos. President Biden also skillfully repelled the worst of the House Republicans’ demands, which included slashing social programs and government services by 60 percent. More

The post Next Time, Abolish the Debt Ceiling appeared first on CounterPunch.org.


This content originally appeared on CounterPunch.org and was authored by Karen Dolan.


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