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202.783.3870       Get Rid of the Debt Ceiling      Warning:
This title may be ironic.       Get rid of the debt ceiling.
Yes, get rid of it.      Although Ezra Klein and I are generally
on opposite ends of the political spectrum, we agree, as he
opines in the Washington Post today, that we should "get rid of
the debt ceiling forever."      Klein notes that eliminating the
statutory limit on the president's borrrowing authority would
obviate the recurring Beltway debt-limit staredowns, which, as
we saw two years ago, and may see again soon, can rattle Wall
Street and play mumbledy-peg with Uncle Sam's credit rating.
No one enjoys such fights. They're annoying. They're kind of
scary. And more importantly, they don't product helpful policy
changes: they don't lead to balanced budgets or smaller
government.       The Budget Control Act that came out of the
Great Debt Ceiling Debate