- Not enactedThe President has not signed this bill
- The senate has not voted
- The house has not voted
Committee on Ways and MeansIntroducedMay 21st, 2019
- house Committees
The debt limit puts America at risk of a budget crisis because lawmakers use it as an opportunity for partisan brinksmanship. It should be eliminated altogether to ensure the federal government can always access the money it needs to fund its obligations.
While imperfect, the debt limit is at least a means of forcing Congress to confront the issue of runaway federal spending on a semi-regular basis. Without a debt limit, the federal government would spend itself into ruin.