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I wish they would replace the debt limit with something more sensibly designed like the German (or Swiss) debt brake ('Schuldenbremse'). See https://en.wikiped
by eru 1y ago
I 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.