As Congress strikes yet another deal to raise the debt ceiling (and spending), it's worth asking what is debt ceiling good for if all it does is give politicians an excuse to hold America's credit hostage for more spending? Journalist Kevin Carmichael, who has just written an excellent new column on the subject to discuss.

Kevin Carmichael New budget deal doesn't fix the debt ceiling — the world's most inane attempt at fiscal restraint

https://www.nbcnews.com/think/opinion/new-budget-deal-doesn-t-fix-debt-ceiling-world-s-ncna1032581