A primer:
Ezra Klein wishes Congress would abolish the debt ceiling:
[T]he debt ceiling is a hard, unpleasant vote that needs to be taken in good times and bad. As such, it’s a hard, unpleasant vote that can go wrong at any time, simply because the politics of the vote are completely out of whack with the necessity of the vote. Republicans are admitting that when they choose to “suspend” the debt ceiling rather than raise it — this way, no one can accuse them of raising it, even though that’s exactly what they’ve done. The only problem with their plan is it doesn’t go far enough. We shouldn’t suspend the debt ceiling for three months. We should suspend it forever, completely eliminating the threat that this hard, unpleasant, confusing vote could go wrong and unleash economic havoc.
The Dish 