Matt Yglesias has a nice piece outlining the history of the debt ceiling and the how Mitch McConnell broke the process and appears to be sending us towards a cliff.
My solution? Pass a Joint Resolution of both Houses (50 votes in the Senate) pointing out the text of the Mighty Fourteenth Amendment seems to make the idea of a debt ceiling unconstitutional:
The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned.
Yeah, yeah, the Courts. But I think the 14th is pretty damned clear and posturing over the debt ceiling is pretty stupid. Yglesias points out how Obama voted against it and then switched when expedient. Given the legislative and political nihilism of the GOP, simply removing this stupid, arcane loaded gun from the equation for all time seems like the best play.
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