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house Bill H.R. 2870

Should the Debt Limit Be Eliminated?

Argument in favor

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.

SneakyPete's Opinion
路路路
08/05/2019
Keep The Debt Limit Constraints In Place To Control Spending 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. SneakyPete.......... 馃憤馃徎馃憤馃徎馃憤馃徎馃憤馃徎. 8.5.19..........
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burrkitty's Opinion
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08/06/2019
The federal debt limit is the public policy equivalent of an appendix; it serves no practical purpose and, if ruptured, it represents a grave threat to the country鈥檚 economic and fiscal health. Some argue the debt limit provides useful leverage to extract fiscal reforms that would be hard to enact otherwise. However, this is ultimately a 鈥榯rigger鈥 that must never be pulled, so it鈥檚 of limited value.
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John's Opinion
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08/06/2019
What else can you do when the Republicans rack up over $1 trillion of debt where are you going to go from there there鈥檚 no way it鈥檚 going to be paid off. Thanks Donald, thanks Lindsey Graham, Thanks Mitch McConnell. You鈥檝e done a great job of ruining America. Now you鈥檝e turned the president loose to kill us all. My god what has happened to the Republican Party.
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Argument opposed

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.

JTJ's Opinion
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08/05/2019
Congress salary should be eliminated until they do their job and balance the budget.
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Jarsh's Opinion
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08/05/2019
You want to give politicians a credit card without a limit? I鈥檓 thinkin that鈥檚 not going to work out real well.
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jacklhasa's Opinion
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08/05/2019
No. Stop acting like kids, and make a damn budget.
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bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
  • The house has not voted
      house Committees
      Committee on Ways and Means
    IntroducedMay 21st, 2019

Bill Details

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Title

End the Threat of Default Act

Official Title

To repeal the debt ceiling, and for other purposes.

    Keep The Debt Limit Constraints In Place To Control Spending 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. SneakyPete.......... 馃憤馃徎馃憤馃徎馃憤馃徎馃憤馃徎. 8.5.19..........
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    Congress salary should be eliminated until they do their job and balance the budget.
    Like (96)
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    You want to give politicians a credit card without a limit? I鈥檓 thinkin that鈥檚 not going to work out real well.
    Like (69)
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    No. Stop acting like kids, and make a damn budget.
    Like (47)
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    The federal debt limit is the public policy equivalent of an appendix; it serves no practical purpose and, if ruptured, it represents a grave threat to the country鈥檚 economic and fiscal health. Some argue the debt limit provides useful leverage to extract fiscal reforms that would be hard to enact otherwise. However, this is ultimately a 鈥榯rigger鈥 that must never be pulled, so it鈥檚 of limited value.
    Like (32)
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    No, what needs to be eliminated are Tax Havens and other wealth stashing loopholes. After all, if we default and the US dollar becomes worthless... the 1% will be hit a lot harder than the majority of the country. My hope is in the bipartisan majority of 1% legislators, who also realize this fact...
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    No open checkbook for irresponsible Congress members. This is the same mentality of a bankrupt individual.
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    What else can you do when the Republicans rack up over $1 trillion of debt where are you going to go from there there鈥檚 no way it鈥檚 going to be paid off. Thanks Donald, thanks Lindsey Graham, Thanks Mitch McConnell. You鈥檝e done a great job of ruining America. Now you鈥檝e turned the president loose to kill us all. My god what has happened to the Republican Party.
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    I have been torn on this issue because I have been looking at debt limits and budgetary allocations limits as being the same. They are not. The debt comes from commitments that our country is already bound to. Not honoring our commitments due to a spending cap is socially, economically and world-politically disruptive. Caps on allocations make a lot more sense and should be part of any legislation passed. Open-ended, multi-year allocations with some budgetary uncertainty should include a contingency budget level consistent with the uncertainty in the allocation cap. A process like this would tend to assure more accurate estimates (since they are capped), would allow strategic cost-benefit assessments of their relative priorities, and bring some discipline in looking at any new legislations true cost and its potential impact on the national debt. There are very real threats coming which may require increasing the national debt. I would like to see these threats dealt with as a strategic long-term conscious decision and not the result of simply piling on lot鈥檚 of nice to have stuff that finally results in an 鈥榦h my, our spending limit is reached鈥 moment.
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    It doesn鈥檛 surprise me a democrat came up with eliminating the debt ceiling. How else will they pay for all their free giveaways to buy votes? Congress needs to get spending under control. Instead of endless investigations and wasting taxpayers time and money get busy solving our real needs!
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    Having a debt limit doesn鈥檛 do anything other than create a manufactured debt crisis! Congress is just going to keep raising it since they can鈥檛 agree on anything else.
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    No. Cut spending AND raise taxes on the wealthy and the corporations.
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    It makes me ill when I鈥檓 on the same side as SneakyPete who I disagree with 99% of the time. 馃あ It just goes to show every once and a while a blind squirrel finds a nut. SneakyPete found a nut.
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    We need a balanced budget amendment and stop all of this debt increase that future generations of the american people will have to pay for. It can not go on forever
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    Yes. We need full transparency and remove all obstructionist policies. We need a way to fire politicians that do not perform or just vote 鈥淣o鈥 on everything.
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    That is crazy. What if every person in the country did that same thing. GOOD GRIEF
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    Congress and the President should run the country the way they expect citizens to do so...live within our means and prioritize spending. They currently are hypocrites, both sides of the aisle. Americans are sick of this.
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    To my reps, what is the debt ceiling in your household? I鈥檒l wait.......
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    Are you kidding you want to remove the debt limit? We鈥檒l all be broke & our money won鈥檛 be worth anything. Talk about a Great Depression! Cut spending & get us into a surplus please!
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    Welcome to the Twilight Zone!!! This is like proposing an Open Bar at an AA meeting. We need financial discipline. Not unlimited credit spending.
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