Investors brace for a painful crash into America’s debt-ceiling
I think the long term goal should be to reduce the power of the executive. The desire by people to bypass congress via tue courts or executive, is short sighted and extremely damaging to our democracy.<p>Instead I’d rather changes that incentivize congress to act. Say a law that would automatically increase the debt limit as long as a budget or continuing resolution in force. And a second law that said that to the extent a budget is not passed that the 1&#x2F;4 of the respective house or Senate’s membership of the party in control gets automatically term limited out in the next election cycle.