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Debt Ceiling History.pdf

Blessing-HBC-testimony-debt-ceiling-2-16-22.pdf
Preview of Debt Ceiling History
🔗 Source: gai.georgetown.edu
📊 Size: 594 KB
👤 Author: Laura Blessing
⬇️ Downloads: 113

Summary

Congress has evolved in dealing with the debt ceiling, trending towards greater brinksmanship, with the current manifestations being particularly worrisome. The debt limit has not functioned as an effective tool in controlling debt and carries potential problems for lawmaking, in addition to catastrophic economic consequences. The debt ceiling was created in 1917 and modified in 1939, with Congress lifting it over 100 times, and its role has been politicized by both parties since 1953, with substantial partisan divergence present in voting patterns.

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Description

Congress has evolved in dealing with the debt ceiling, trending towards greater brinksmanship, with the current manifestations being particularly worrisome.

Technical Information

  • File Format: PDF
  • File Size: 594 KB
  • Pages: 6
  • Language: EN
  • Author: Laura Blessing
  • Total Downloads: 113
  • Last Updated: 1 week ago

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This PDF document about Debt Ceiling History provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into Debt Ceiling History.

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