Safeguarding Fiscal Responsibility: The Constitutional Debt Ceiling | |
In the intricate tapestry of the American Constitution lies a provision often overlooked but of profound significance – the Debt Ceiling. Embedded within the framework of governance, this provision acts as a financial guardrail, defining the permissible limits of government debt. As the debt inches closer to this constitutionally mandated ceiling, the onus falls on Congress to engage in a critical decision-making process to raise it. This constitutional safeguard aims to prevent excessive government borrowing, preserving a semblance of fiscal responsibility. | |
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| Target State: All States Target City : All Cities Last Update : Mar 19, 2024 5:03 AM Number of Views: 74 | Item Owner : Andrew Baxter Contact Email: Contact Phone: (None) |
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