Lazard's Orszag: Debt Limit Not Constructive for US

The video discusses the long-term fiscal imbalance in the U.S., highlighting healthcare costs and demographics as key factors. It argues that the debt limit does not effectively address these issues and poses unnecessary risks to creditworthiness.

What is the speaker's opinion on the effectiveness of the debt limit in resolving fiscal issues?

What risks does the speaker associate with the current approach to creditworthiness?