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Additionally, in the first Trump presidency congress temporarily removed the debt limit. I don't think there are even votes to do that now so compromising on ho
by lesuorac 1y ago
Additionally, in the first Trump presidency congress temporarily removed the debt limit. I don't think there are even votes to do that now so compromising on how to fund the government is going to take a lot of effort (that can't be spent on tariff rates).
- eru 1y agoI wish they would replace the debt limit with something more sensibly designed like the German (or Swiss) debt brake ('Schuldenbremse'). See https://en.wikipedia.org/wiki/German_balanced_budget_amendment https://en.wikipedia.org/wiki/German_balanced_budget_amendme... The American debt limit regularly shuts down the government, but debt still keeps piling up. The German debt brake doesn't seem to shut down the government, but actually lead to a substantial drop in the debt-to-gdp ratio.