End The Debt Ceiling

Jason Furman and Rohit Kumar have an excellent idea over at the WSJ: End the debt ceiling.  Too bad it will never happen.  This is one area where conservatives will have to bear their share of the blame.

Why is it a good idea?  What have been the positive outcomes from the debt ceiling debates?  The sequester.  That is not much to show for all of the effort expended and the negative atmosphere it creates.

Why are conservatives to blame.  Because they think that either they might eventually win one of these dramatic showdowns or that it is a way to rally the base.  It won’t happen until they control the media.  For those of you reading this before your morning coffee or other means of caffeine intake that means it won’t happen.

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