Victor Arredondo

Modern precedents regarding congressional debates have been politically dramatic. Despite its bipartisan history, the debt ceiling has been a center for partisanship since the opening of the century. Take two instances, then Senator Joe Biden and fellow Democrats refused to increase the debt ceiling during George W. Bush’s presidency in protest of the Iraq War. In the next administration, Republicans sought to make spending cuts in attempts to choke out Obama’s Affordable Care Act in 2013 which ultimately led to a government shutdown. Today, President Biden attempts to lift the debt ceiling to fund his administration’s federal programs. One of the only bipartisan agreements on the debt ceiling in the past decade was when Trump tentatively abolishing the debt ceiling to sidestep a major political showdown before the 2020 election.

Now, how necessary are price controls? How much control is too much? Is it more important to protect the consumer over the provider and risk sincere quality?‍