Should Congress Abolish the Debt Ceiling?

The US has more than $31 trillion in national debt. If it is breached, the government may go into default, leading to national and global consequences. Supporters in favor of abolishing the debt ceiling say it is counterproductive, leads to political drama, and an economic threat. Those arguing “no” say it’s an effective tool of governance that allows discussion about national spending and keeps lawmakers accountable. Now we debate: Should Congress Abolish the Debt Ceiling?   Arguing Yes: Mark Zandi, chief economist at Moody's Analytics  Arguing No: Parker Sheppard, director for Center of Data Analysis at the Heritage Foundation     Emmy award-winning journalist John Donvan moderates  Learn more about your ad choices. Visit podcastchoices.com/adchoices

Om Podcasten

America is more divided than ever—but it doesn’t have to be. Open to Debate offers an antidote to the chaos. We bring multiple perspectives together for real, nonpartisan debates. Debates that are structured, respectful, clever, provocative, and driven by the facts. Open to Debate is on a mission to restore balance to the public square through expert moderation, good-faith arguments, and reasoned analysis. We examine the issues of the day with the world’s most influential thinkers spanning science, technology, politics, culture, and global affairs. It’s time to build a stronger, more united democracy with the civil exchange of ideas. Be open-minded. Be curious. Be ready to listen. Join us in being Open to Debate. (Formerly Intelligence Squared U.S.)