Use The Debt Ceiling as Leverage

The incredible debt levels of the US government are shown in the graph below:

The graph appeared in a Letter to Congress which advocated aggressive action on the spending problems in the US. The debt ceiling decision is to be used as leverage to exact oversight of federal spending with line-item authority for an independent board in the event (when?) a proposed agreement is violated. It is an innovative approach to the problem.

H/T John Rolls

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