Deficit-financed stimulus is presently the most effective way to boost investment and consumption, and the scale of needed economic support rules out offsetting its near-term budgetary impact. Job creation legislation could include a supplemental increase in the statutory debt limit or exempt its debt issuance from the statutory debt limit. Without appropriate changes to the debt ceiling deal or the statutory debt limit, any new job legislation will move up the date on which the debt ceiling is reached, leaving the economy vulnerable again to agonizing, protracted negotiations and the risk of default. A better option would be to simply repeal the statutory debt limit.