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IPI Policy Basics: Should We Limit the Debt Limit? (Audio: Podcast)

What is the debt ceiling, and why do we have it? How often does the debt ceiling come up, and isn’t it an anachronism, since Congress has already authorized that spending? Or is any leverage over spending worth preserving? IPI President Tom Giovanetti and Resident Scholar Dr. Merrill Matthews explain and discuss the debt ceiling, and remind us that the core problem is spending, not the debt limit.