It's Time to Abolish Debt Ceiling as Political Weapon

One of the most revealing things about American politics, and of the journalists who cover it for a living, is the unspoken assumption that Democrats will rescue Republicans, and thus the country, from the reckless way they have treated the statutory debt limit since 2011. If this assumption is correct (and it almost certainly is) then it demonstrates a profound asymmetry between the parties, as well as an awareness on the part of the political media, which often treats the two parties symmetrically, that something is dangerously dysfunctional about one of them.

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