Item — HN Reader

What budget’s unknowns does a dept ceiling fixes ? Take this budget line:

Education: 1M$

Here « education » may have unknowns but the ceiling is supposed to apply to the second par : « 1M$ ». I can’t see what may be unclear in this number.

> one argument

Mind sharing others ? I’d would be (sincerely) happy to understand why US needs this while the rest of the world does not.

1 comments

> What budget’s unknowns does a dept ceiling fixes ?

A trillion dollars plus in student loan pauses and cancellations and starters. Also, for the recently passed IRA we now have “the uncapped tax credits will cost three times what Democrats claimed”.

https://www.wsj.com/articles/inflation-reduction-act-subsidi...

Then pass a new bill to adjust the budget. We shouldn't skip out on our bills. It makes no sense. I'll say it again. There is no merit to having a debt ceiling. Further, it's unconstitutional.