Since the 2011 repeal of the Gephardt Rule—a sensible 1979 reform that allowed Congress to authorize spending and raise the debt limit in a single vote—the debt ceiling has become a cudgel. A party that seizes control of one branch of government—or even half a branch—refuses to raise the debt ceiling. The government is held hostage and a crisis ensues.Without genuine democratic reform, we'll be in the same place over, and over, and over again.
They brought the government within days of the "X date" in 2011. The standoff led Standard & Poor's to downgrade the United States' credit rating. Then in 2012, the Treasury Department had to take "extraordinary measures" as it again approached the debt ceiling. Indeed, Treasury Secretary Janet Yellen's extraordinary measures to keep the government open for a few more months aren't extraordinary at all—the Treasury has had to deploy them at least seven times since 2011.
Isn't this just political hardball? Yes, parties use whatever tools they have for an advantage. But it is nihilistic to constantly threaten to crash the economy as a negotiation ploy. As bad as all the standoffs of the last decade were, this one is likely to be worse. In 2011, Republicans had specific demands about budget cuts and strong party leaders empowered to make a deal on behalf of the caucus.
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