At its essence, the Debt Ceiling symbolizes a commitment to fiscal prudence and responsible stewardship of public resources. By imposing a cap on borrowing, it compels lawmakers to confront the consequences of deficit spending and evaluate the sustainability of fiscal policies. In doing so, it serves as a bulwark against unchecked government expansion and the accumulation of unsustainable debt burdens.
https://australianinvestmenteducationreview.wordpress.com/2024/03/19/the-constitutional-debt-ceiling-balancing-fiscal-discipline-and-economic-imperatives/
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