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The best idea for the debt ceiling? Abolish it forever

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This year it’s the fiscal cliff. Last year it was the debt ceiling. Abolishing the debt ceiling would prevent the U.S. from narrowly averting cliffs in the future, but a ceiling is needed to keep the government from over-borrowing. Treasury Secretary Tim Geithner proposed a solution that would effectively eliminate the possibility of encountering a debt ceiling crisis again while letting politicians continue to act, but without putting anyone in any real danger says Joe Weisenthal, a writer for Business Insider.