The best idea for the debt ceiling? Abolish it forever

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.