A simple way Biden could stop this drama and ignore the debt limit — Zachary B. Wolf

Created
Sat, 04/02/2023 - 04:43
Updated
Sat, 04/02/2023 - 04:43
Robert Hockett proposes essentially the same solution that I have recently — ignore the debt ceiling it is invalid legally.
Hockett: The budget is its own debt ceiling.…

We don't need gimmick vs. gimmick when we have budget law

WOLF: What about the other ideas to get past the debt ceiling? Trillion dollar coins and such?

HOCKETT: The wonderful thing from my point of view here is we don't need any of those gimmicks. We just have a little garden-variety budget law on our side, and so we don't really have to resort to anything kind of unusual or surprising or gimmicky..…
Kake News
A simple way Biden could stop this drama and ignore the debt limit
Zachary B. Wolf, CNN interviews Robert Hockett, a law professor at Cornell University who specializes in public finance and consults for the International Monetary Fund and the Federal Reserve Bank of New York