Evan McMullinVerified account

That's a very academic view. The debt ceiling forces an importance national debate about spending. Raise it or not, reevaluation is key.

No one responsible takes risks with the collapse of world financial markets. It's a very practical view.

When was the last time it needed to be raised and wasn't? It never happens. Yet it forces a nation examination of spending and that's key.

Also think about that logic. When was the last time you died playing Russian roulette? Never? Does that mean it's safe? Selection effect

I have huge respect for you Evan but you're just wrong on this. Playing games with the foundation of the world economy is scary scary stuff

It's not a game at all. I understand your view, but it's very academic. In practice, the debt ceiling forces leaders to reexamine spending.

In the end, most understand that the ceiling must be raised and that's what happens, but without this review there is little examination.

I know that's not textbook ideal, but in practice, there is no other real political forcing function for spending reexamination.