Because it’s a redundant constraint. The budget already limits the debt, and that is the best mechanism for limiting it—it can actually take effect safely. The debt limit is a guillotine. If it ever does anything directly, we are screwed.
Then why shouldn’t we get rid of the guillotine?
A few posts up:
I wonder, next time control of the House changes, maybe they will try to do away with the debt ceiling.
As far as I can tell, no reason at all.
Then why shouldn’t we get rid of the guillotine?
A few posts up:
As far as I can tell, no reason at all.