Thomas E. Mann: Debt Limit

Posted by admin on Tuesday, July 4, 2023

Meaning of Thomas E. Mann Money Quote: saying The debt limit (AKA Debt Ceiling) should be raised every budget cycle, but political posturing is applied routinely. Thomas E. Mann said:
 
fiscal discipline, even as they vote to ratify the debts their previous actions have a beginning the country to pay. The symbol of railing against debt has proven politically beneficial, even if not substantively meaningful Quote
 

“Since the debt limit simply accommodates debt that has already been incurred, raising it should, in theory, be perfunctory. But politicians have found it a useful shibboleth for showing their fealty fiscal discipline, even as they vote to ratify the debts their previous actions have a beginning the country to pay. The symbol of railing against debt has proven politically beneficial, even if not substantively meaningful” — Thomas E. Mann

 

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