We Need Better Fiscal Rules. The Debt Ceiling Doesn’t Work.

Source: Niskanen Center
by Ed Dolan

“The latest round of Congressional games over raising the debt ceiling is only the latest indicator of the fiscal chaos that reigns in Washington. It’s both a failure of Congress to follow procedural rules it has set for itself, and a broader failure to provide a degree of fiscal stimulus or restraint appropriate to the state of the economy. Without better fiscal policy rules, the chaos will continue.” (10/08/21)