Mark Gongloff, Columnist

The Debt Limit Deserves to Die

It serves no purpose other than to create drama and risk.

October 6, 2021 at 8:49 PM UTC

Mark Gongloff is a Bloomberg Opinion editor and columnist covering climate change. He previously worked for Fortune.com, the Huffington Post and the Wall Street Journal.

What are we even doing here?
Photographer: Kevin Dietsch/Getty Images North America

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A common trope in bad entertainment is the Idiot Plot, which Roger Ebert once described as "any plot that would be resolved in five minutes if everyone in the story were not an idiot." The tedious drama around the debt ceiling is an example.