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United States Debt Ceiling

1 points| Harmohit | 1 year ago |en.wikipedia.org

4 comments

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Harmohit|1 year ago

Why is the debt ceiling defined as an absolute number? Wouldn't it make more sense to define it as a percent of the GDP or tax revenue

yawpitch|1 year ago

Because changing the definition would require getting two diametrically opposed parties to cooperate, one of whom weaponizes the debt ceiling whenever it wants to do something inhumane, racist, or just plain stupid.