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Open to Debate: Should Congress Abolish the Debt Ceiling

Tuesday, June 27, 2023

The US has more than $31 trillion in national debt. If it is breached, the government may go into default, leading to national and global consequences. Supporters in favor of abolishing the debt ceiling say it is counterproductive, leads to political drama, and an economic threat. Those arguing “no” say it’s an effective tool of governance that allows discussion about national spending and keeps lawmakers accountable.