Give America a Debt Brake
Leaving aside the political theatrics, intrigue, and brinkmanship that nowadays accompany every increase in the US debt ceiling, can anything be done to stop – or even slow – the growth in borrowing? The answer may lie in Switzerland.
https://prosyn.org/RNmSFfT
ZURICH – Since 1960, the United States has raised its debt ceiling 78 times – soon to be 79, if Congress approves the latest last-minute deal. On a wall in Manhattan, not far from Times Square, a billboard-size display has kept a running tally of the national debt amount.