The headline is ridiculous. The Congress (starting in the House of Representatives) sets the budget and controls the purse strings. The President does NOT.
The debt limit is a construct born out of the perceived ‘necessity’ for deficit spending.
The long and the short of the whole damn mess is to get away from the current method of budgeting used in DC. Get back to true zero-based budgeting. Scrap the notion that levels already appropriated are a starting point for the next budget, and stop lying to the American sheeple.
I agree in principle, but the president through executive action can cause us to incur more debt (for example issuing bonds at 1%, they retire, and then we are forced to cover that debt with new bonds at 3%). Theoretically that can be controlled by congress, but practically it can’t. So we always should have a debt limit to curtail the accumulation of unintended effects from past congressional, executive, and judicial decisions.