washingtonpost.com — House Republicans aren’t voting to lift the debt ceiling. They’re voting to suspend it for three months. It’s an entirely political, meaningless distinction, but it points the way towards an entirely sensible, overdue solution. Temporarily suspending the debt-ceiling raises some troubling technical questions. But it also sets a delightful precedent. Congress will have shown it can make the debt ceiling disappear. For three months, the debt ceiling simply won’t exist. And it won’t exist for exactly the right reasons. Republicans are admitting that when they choose to “suspend” the debt ceiling rather than raise it — this way, no one can accuse them of raising it, even though that’s exactly what they’ve done. The only problem with their plan is it doesn’t go far enough. We shouldn’t suspend the debt ceiling for three months. We should suspend it forever, completely eliminating the threat that this hard, unpleasant, confusing vote could go wrong and unleash economic havoc.
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