I think the debt limit is a good idea as it forces some consensus about spendings. Without it people currently in power can spend as much as they please on their electorate needs and leave the next government in a difficult situation.
It's worse in countries that don't have separation between executive and legislative branch (most EU countries). For example in my country (Poland) you have a party winning an election and then they control both legislative, executive (parliament chooses the prime minister) and mostly judicial branch (not only attorney general is one of the ministers but because terms for supreme/constitutional courts are short they get to put their guys in as well. If they win two times in a row the majority of justice will be theirs.
Once that's done there are 0 check and balances on them. They just spend on social programs and laws benefiting their electorate and screw anyone else. It's a terrible system where winner takes all and is beyond check and balances.
Say what you want about US system but at least it's not free for all the way parliament democracy is. The debt limit is one of those checks - wanna spend money? - talk to the other side about it.
It's worse in countries that don't have separation between executive and legislative branch (most EU countries). For example in my country (Poland) you have a party winning an election and then they control both legislative, executive (parliament chooses the prime minister) and mostly judicial branch (not only attorney general is one of the ministers but because terms for supreme/constitutional courts are short they get to put their guys in as well. If they win two times in a row the majority of justice will be theirs.
Once that's done there are 0 check and balances on them. They just spend on social programs and laws benefiting their electorate and screw anyone else. It's a terrible system where winner takes all and is beyond check and balances.
Say what you want about US system but at least it's not free for all the way parliament democracy is. The debt limit is one of those checks - wanna spend money? - talk to the other side about it.