Project Syndicate: America’s debt-ceiling debacle is far from over

This post was originally published on this site

The deal to raise the United States’ debt ceiling won’t make the problem go away. Partisan standoffs over the federal debt limit have become a predictable feature of American political life. And while some blame an ill-conceived rule, that argument misses the point.

The real source of the problem is that politicians today have little incentive to compromise. In an environment of gerrymandered electoral districts and ideologically siloed traditional and social media (amplified by bots, algorithms, and economic incentives),…