I have a piece out in the new print edition of National Review laying out the drawbacks of the current debt-ceiling strategy, and offering an alternative.

The central problem conservatives have had over the last several decades is rooted in the tendency of Republicans to want to pick fights only when they have limited power, while they run for the hills when they actually have the power to enact real change. As I note, many of the current champions of the debt-ceiling fight (including House speaker Kevin McCarthy and Representative Jim Banks) not only voted to suspend the debt ceiling under President Trump, but they actually voted to blow past the spending caps that had been put in place as a result of the 2011 debt-ceiling fight. At the same time, they are ruling out cuts to the entitlement programs that are actually the primary drivers of our debt. What’s the point of taking things to the brink and spooking the investors who finance our debt, only to ignore the real problem, and squander any gains once in power?

As I explain, there is a better way.