Enact Fiscal Controls Before Raising The Debt Ceiling

The debt ceiling or debt limit ensures that Congress is confronted with the consequences of out-of-control spending and borrowing in Washington. Like an alarm clock, the debt ceiling offers a fiscal check on the government’s finances and encourages congressional deliberation of policies to control spending and debt. Congress must not suspend the debt ceiling again. Congress should enact fiscal controls to put the budget on a path to balance before raising the debt ceiling.

Download
image
Download
floor chart

Date Produced: October 2, 2017

Source: Office of Management and Budget

Related Charts
Take the Quiz!