are letting the Republicans show their 'Fiduciary Colors'...it's really a perfunctory exercise, but if they want to make a mess of things, it's on them.
Check out the attached link for a full summary of this issue, and suggestions as to what should be done going forward...here's an excerpt on that topic...
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In The Better Budget Process Initiative: Improving the Debt Limit and subsequent publications, we have suggested reforms to the debt ceiling, grouped in four major categories:
>Linking changes in the debt limit to achieving responsible fiscal targets, so that Congress would not need to increase the debt ceiling if fiscal targets are met.
>Having debate about the debt limit when Congress is making decisions on spending and revenue levels, not after those decisions have been made.
>Applying the debt limit to more economically meaningful measures, such as debt held by the public or debt as a share of GDP.
>Replacing the debt limit with limits on future obligations.
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Link: https://www.crfb.org/papers/qa-everything-you-should-know-about-debt-ceiling