Associate Professor Tyler Schipper, an economist in the College of Arts and Sciences at the University of St. Thomas in Minnesota, was quoted in the Quartz article "Let's talk about that pesky debt ceiling" regarding his insights into the implications of the U.S. debt ceiling debate.
Schipper emphasized that the debt ceiling is a political problem, not an economic one, highlighting that the U.S. has the capacity to meet its debt obligations but is hindered by political disagreements.
From the article:
“To be clear,” said Schipper, “it’s not a cap on spending. Congress already voted to spend the money, and the President signed off. The debt ceiling just allows the U.S. government to pay its bills.”
