The debt limit was an invention in WW2 to allow the executive branch to change spending priorities for the war without needing to push a new budget through Congress each time. The intent was to give the executive branch more flexibility, within limits, NOT to hold the entire government hostage.
The limit literally prevents US paying its debts, not enforce paying them.
The debt limit was an invention in WW2 to allow the executive branch to change spending priorities for the war without needing to push a new budget through Congress each time. The intent was to give the executive branch more flexibility, within limits, NOT to hold the entire government hostage.
The limit literally prevents US paying its debts, not enforce paying them.
Fact check : True