The US is dependent on the Dollar being the international currency. Faith in the steady worth of the Dollar is essential for other countries to invest in the Dollar. Repeated, political, self-induced economic crisis erodes the confidence in the Dollar. The Treasury should be able to avert this type of crisis.
The Congress can enact budgetary measures and pass a balanced budget such that the debt ceiling is not continually increased. This would be the direction for true fiscal responsibility.



