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A Tidbit on the Debt Ceiling

Thankfully, there will be no game of chicken over the debt limit this year, as the Congress did the responsible thing and passed a clean debt limit increase to accommodate spending already budgeted.

As many probably know at this point, the origins of the debt ceiling mechanism is the 1917 Liberty Bond Act and over time the vote has mostly been pro forma.  Recently, of course, that has changed.

Here’s a bit of history that is of interest:  starting 1979 the House Rules were amended to create an automatic increase in the debt limit linked to the passage of the annual budget resolution (this was known as the “Gephardt Rule”)..  That meant no debt ceiling fight in the House of the type we have witnessed of late, although the Senate lacked such a rule.

The rule was repealed at the start of the 107th Congress (2001-2003, GOP majority), restored at the beginning of the 108th (2003-2005, GOP majority) and then repealed again at the start of the 112th (2011-2013, GOP majority).

In short, part of the reason the debt limit was not a major political football for many decades was because the House had a reasonable rule that automatically acknowledged that the amount set by the budget resolution should be covered by the debt limit.

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About Steven L. Taylor
Steven L. Taylor is Professor and Chair of Political Science at Troy University. His main areas of expertise include parties, elections, and the institutional design of democracies. He is the author of Voting Amid Violence: Electoral Democracy in Colombia and is currently working on a comparative study of the US to 29 other democracies. He earned his Ph.D. from the University of Texas and his BA from the University of California, Irvine. He has been blogging at PoliBlog since 2003. Follow Steven on Twitter

Comments

  1. Stonetools says:

    Guess we will have to wait till a Democratic majority this time to restore that kind of sanity.

    Like or Dislike: Thumb up 1 Thumb down 0

  2. C. Clavin says:

    Repealed, restored, repealed; why can’t you kids make up your minds…

    Like or Dislike: Thumb up 3 Thumb down 0

  3. DrDaveT says:

    Flip flop.

    Like or Dislike: Thumb up 1 Thumb down 0