The Hill News

America pays its bills. It always has. It always will.

That Washington is now engaged in a debate over whether the nation will honor its debts and obligations, then, should come as surprising. But playing political football with the occasionally necessary vote to raise the nation’s debt ceiling is as predictable as a twitter rant from Charlie Sheen.

The predictability of this debate should not, however, detract from its seriousness. Holding the nation’s full faith and credit hostage for political gain could imperil a fragile economic recovery and sew the seeds of a global economic meltdown. And while there is an enormous temptation on both sides of the aisle to use this debate to their advantage, the political peril for each party is enormous.

Read more...