What is the point in having a debt ceiling when it can be relatively easily raised?

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The Politicus
Sep 30, 2021 05:29 AM 0 Answers
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It makes some sense from a Machiavellian perspective; one can use the threat of a government shutdown to get concessions, but that's like playing chicken, and seems really irresponsible even if your side comes out on top. Are there any reasons other than gamesmanship for a malleable debt ceiling?

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  • September 30, 2021