The Republicans plan to demonstrate their horror of the economic consequences of policy uncertainty by creating a rolling series of debt-ceiling crises every three months. Doing that, rather than wrecking the national credit right away, is intended to show that the crazies are no longer in charge. Whatever.
Archive for the ‘Debt ceiling’ Category
Keith Hennessey has a long piece noting that a debt limit fight is bad politics and bad economics, that prioritization won’t work and that Republicans should instead fight it out around the sequester and the continuing resolution that is funding the government. It is a reasonable strategy that reduces the chance of economic calamity, while [...]
The whole “dept ceiling” nonsense in two sentences.
Although I sometimes disagree with Jonathan Chait (as in this RBC post), I’ve been a big fan since his days at The New Republic. He now writes for New York Magazine, which published his remarkably prescient mid-October essay about the fiscal cliff. Directly or indirectly, that essay shaped much of the subsequent public debate on [...]
“Cliff” speech mentions immigration, global warming, infrastructure, and gun violence.
The zipcode shutdown solution.
Mitch McConnell gets too cute, winds up filibustering his own debt-ceiling proposal.
Looks as if Obama & Company have RTFM.