Wise words from Rudy Penner on the debt limit


 

The real place to negotiate over spending and tax matters, including entitlements, is when you’re debating the budget resolution. That’s when we set our targets for spending and revenues.
Having a separate debt limit—I don’t think it has served much of a purpose. It certainly hasn’t brought about fundamental reforms in entitlements.

Wise words from Rudy Penner on the debt limit
dkuehn
Tue, 11 Feb 2014 02:24:00 GMT

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One response to “Wise words from Rudy Penner on the debt limit

  1. “. . . I don’t think it has served much of a purpose.”

    If I remember correctly, Thomas Sowell has argued that it actually does harm.

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