Commentary: The best way to deal with the debt ceiling: Ignore it
With two weeks left until the national debt ceiling is expected to be reached, precipitating a constitutional and economic crisis, House Republicans continue to insist that President Joe Biden cave in to their threats.
The problem is that if Biden makes any concession as the price of raising the debt ceiling, it will encourage Republicans to take the global economy hostage again and again. After all, their proposal would provide only a short respite from extortion, setting the stage for another showdown less than a year from now.
What happens if Congress fails to raise or suspend the
