The U.S. debt limit is again stoking fears across the globe. Why not just scrap the thing?

With the U.S. government stoking global economic fears as it faces yet another standoff over raising the debt ceiling, some economic analysts and lawmakers are proposing a relatively simple solution to permanently resolve this issue: Just scrap the thing.

source https://www.cbc.ca/news/world/debt-ceiling-us-scrap-1.6836090?cmp=rss