Blog Archive

Blog Archive

Sunday, January 30, 2011

postheadericon Debt-ceiling double-talk

While Congress prepares its budget for this year, threatening deep cuts to a $14 trillion debt, the first real test of the GOP’s fiscal constitution is shaping up to come in the form of whether or not to raise the debt ceiling.

Years ago, no one wanted to talk about expanding the credit line of the U.S. government. It was such a stark reminder of how bad a hole we were in that both parties built the significant vote as a procedural move with other votes. In other words, they tried to bury the thing in hopes members would not have to rise in defense of an ever-growing nightmare.

Read more...

0 ความคิดเห็น: