Not sure what she intends to fight hard for – I guess eliminating the debt limit. If you believe in modern monetary theory that makes sense. On the other hand, it makes the entire budget process unnecessary.
Do we want a government with no limits on what it can spend or borrow? Of course, Sen Warren also favors a wealth tax so I guess it makes sense to have unlimited spending, borrowing and taxation at the same time.
QUINNSCOMMENTARY 
Social Security and Medicare are the political third rail. Most Americans agree on raising taxes.
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Then you would think modestly raising taxes to make them solvent would be quite easy.
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Most Americans agree on raising taxes on the next fellow. Even Warren and Sanders only talk about taxing the rich. Why don’t the Dems propose a tax policy that covers all the spending they wish for and see if it passes muster with “most Americans”. Let Biden propose it at his campaign stops. Do not include the nearly 50% of the population without fed income tax liability (other than payroll taxes) and see what the taxpayers think.
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All that Warren and her buddy Bernie want is a blank check so they can spend, spend, and spend some more!
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You are way off base on this one. She didn’t propose eliminating the budget process, she proposed eliminating the redundant and dysfunctional debt ceiling. Something that no other modern country uses and the US itself didn’t put in place until the 20th century. It is an enormous and unnecessary risk.
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Better re-read post I never said she proposed eliminating the budget.
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Explicit you didn’t but it is clear what you are implying per the quote below. It simply isn’t accurate to equate the debt ceiling to the budget process. She is right in wanting to eliminate it and it is actually in the national interest to do so.
“On the other hand, it makes the entire budget process unnecessary. Do we want a government with no limits on what it can spend or borrow?”
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So I assume you feel Congress can be prudent by setting a budget that will keep our debt to reasonable amounts and do so avoiding the political third rail of raising taxes? They can’t even do that with a debt limit that is meaningless. What way to run a business.
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No, I agree with you that there is little hope of competent fiscal policy from congress under the current circumstances. But I differ with you on the cause. You wrote an excellent article earlier this week about nostalgia for the good old days. If we had similar tax rates now, the fiscal situation would be much less dire. The tax rates are at a historic low and is the root cause of the deficit. And it is not exactly a third rail. It is one party that refuses to raise taxes. The last courageous Republican with a sane fiscal policy was President Bush in 1990, which not coincidentally set the stage for the best fiscal era of modern times in the decade of 90’s. But much this was undone by the tax cuts of his son and also under Trump, both of which caused much of the huge deficits we face now.
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Several countries have debt limitation laws in place. Only Denmark and the United States have a debt ceiling that is set at an absolute amount rather than a percentage of GDP. The US Congress began using the measure in 1917 and modified the financing law in 1939 to give the treasury more flexibility in issuing debt.
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Make sense to have unlimited college borrowing too, until you have to pay it back.
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“…it makes sense to have unlimited spending, borrowing and taxation at the same time.”
Hyperbole.
It makes sense to have balanced spending, borrowing and taxation at the same time.
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