I tend to agree with Elizabeth Warren here. If Trump wants to eliminate the debt ceiling, we ought to take the chance to eliminate one of the most damaging and ridiculous issues in American political life, one that brings the world's economy to the brink...
debt ceiling
Well, barring something unexpected, the debt ceiling will be raised after the deal between Biden and McCarthy. I don't really say this with any great joy. Personally, I would have.
Eric Foner, who would know, has a fascinating essay on how the 14th Amendment provides an answer to the vexing debt ceiling nonsense. Long-forgotten provisions of the 14th Amendment are.
Janet Yellen is completely right about the evils of the debt ceiling issue, much more so than Biden. It should simply be abolished. The entire global economy is at the mercy of the dysfunctional politics of the United States. But at the very least, if...
The headline at Political Wire read "More Would Blame Democrats for Debt Default." A number of thoughts ran through my head, including wow, the Democrats are still losing the messaging.
Like many people, I'm struggling to find evidence of rationality in the suicide caucus strategy and end game here. I get that they're willing to destroy tacit norms of legislative.
Let's hope Obama sticks to his guns on being done with playing debt ceiling games with the Republicans. The Republican Congress overplayed its hand. It's time for Democrats to call them on it. The new Congress looks promising on these measures and it's amusing to...