Debt Limit Cacophony Ends With A Meh
The Thing That Must Happen happened, as the House of Representatives passed the debt limit bill 314-117 after months of fretting over it.
The Thing That Must Happen happened, as the House of Representatives passed the debt limit bill 314-117 after months of fretting over it.
It’s axiomatic that a good compromise often leaves both sides unhappy. If that’s the case, this deal seems to fit the definition of fairness.
The debt limit increases tug of war this time seems more disconcerting, with a real possibility that we could end up in a federal default.
The debt limit theater continues, with the Senate passing a temporary extension that left both party leaders under fire from all sides.
While temporary spending bills have bought some breathing room, the debt limit issue for both houses of congress isn’t going anywhere fast:
The late preeminent liberal economist John Kenneth Galbraith once complained in The Affluent Society that where Democrats once stood for an issue of great importance in emphasizing production, they lost that issue by misunderstanding...
~by Koz A Debt Limit Deal Is Not Inevitable We all know the pressures the various actors will be under to find a deal, and we fear the consequences if they don’t. But that’s...