Two fiscal conservatives take on the question of the debt ceiling: Junk it, says Philip Wallach of the Brookings Institution. Keep it and use it as an instrument to force fiscal discipline, responds the Heritage Foundation’s Romina Boccia.
Philip A. Wallach is a fellow in Governance Studies whose research focuses on institutional aspects of fiscal policy and regulation. He is the author of To the Edge: Legality, Legitimacy, and the Responses to the Financial Crisis of 2008 (Brookings Institution Press, 2015).
Romina Boccia is Deputy Director of the Thomas A. Roe Institute for Economic Policy Studies and Grover M. Hermann Research Fellow at the Thomas A. Roe Institute for Economic Policy Studies, The Institute for Economic Freedom and Opportunity at The Heritage Foundation.