Playbook: “Republicans on Capitol Hill are already beginning to fret over how they’ll lift the debt ceiling in the age of Donald Trump. Here’s how top Republicans are thinking of things. In the past, fiscal conservatives have insisted on cutting [...]
"Reagan," Vice President Dick Cheney said in 2002, "proved deficits don't matter." Unless, Cheney felt no need to mention, the occupant of the Oval Office is a Democrat. After all, Ronald Reagan had tripled the national debt in eight short years and George W. Show More Summary
Coming up on Sunday Kos... Facebook fake news concern just mainstream media projecting, by Egberto Willies Normalizing the deplorable, the despicable, the supremacist and the violent, by Frank Vyan Walton Donald and the debt ceilingShow More Summary
AMERICA has a debt ceiling. It’s a statutory limit on how much debt the federal government can issue. For most of its existence (the ceiling will turn 100 next year) Congress has simply voted to raise the limit when borrowing threatens to hit it. In 2011 and 2013, however, Republicans in Congress chose a different approach.
Jeff Greenfield: “In part, it’s because the Republican Party had already embraced behavior that would once have been unthinkable. Of course you can’t really threaten not to raise the debt ceiling; that would risk something close to a global financial [...]
There are many credit facilities that can be tapped to fund infrastructure spending and provide income for savors without breaking debt ceiling barriers.
Five years ago, President Barack Obama signed into law what Todd Harrison, the director of defense budget analysis at the Center for Strategic and International Studies, says will be the biggest challenge for the incoming administration:...Show More Summary
I'm the last person to talk about money... but not because I'm bad with it. Actually, my credit score is over 800; I've never been in debt; and I'm not a crazy spender. I'm the last person to talk about money because, for most of myShow More Summary
One of the riskiest financial market tools, credit-default swaps on US 10-year Treasuries, hit their multi-month highest, suggesting an increased risk of the US piercing its debt ceiling, or a sovereign default, or a dollar devaluation in the coming months amidst the risks of recession, electoral uncertainty, Brexit, and hike in Fed funds rates.
I know, I know. You think I'm crazy. But hear me out. During the fights about the debt ceiling -- in 2011 and 2013 -- people who wanted to reduce spending noted, correctly, that a simple expiration of a government...
OBAMA LIED, THE DEBT CEILING DIED: Veronique de Rugy reports for National Review. Well, as it turns out, documents subpoenaed by the House Financial Services Committee reveal that during the 2013 debt ceiling debate, ”the Obama Administration is not only capable of prioritizing payments in case the nation’s borrowing authority is not raised, it has […]
Today the House Committee on Financial Services' Subcommittee on Oversight and Investigations held a hearing titled "Federal Spending and the Debt Limit." Among the witnesses was George Mason University Mercatus Center Senior FellowShow More Summary
Dear God… the national debt is now above $19 Trillion and with the debt limit ceiling suspended until March of 2017, it will grow to more than $20 Trillion by
Two months ago, when we calculated that the US would need a new "debt ceiling" of $19.6 trillion to last until after Obama's tenure, we may have been too optimistic: since the increase in the hard debt limit of $18.15 trillion whichShow More Summary
The United States currently functions without a debt ceiling. Legislation in November suspended it through March of 2017, and it should stay gone. Others have agreed--most notably James Surowiecki in "Smash the Ceiling" in The New Yorker (August 1, 2011). Show More Summary
It's all over now except for the politicking. The government will remain open throughout 2016, Republicans having forfeited every opportunity for a shutdown by agreeing to raise the debt ceiling in the deal brokered by John Boehner as he departed Congress and now by funding government until October. Show More Summary
Toronto has a debt ceiling, too. But as the City gets close to its limit even without counting $23 billion of unfunded projects, council will face some tough choices. This article is part of Torontoist’s special 2016 municipal budget coverage. Show More Summary
The deadline of funding government by this Friday is almost certainly blown, with a short-term funding bill likely. While outgoing House Speaker John Boehner gifted the nation a Republican House that extended the debt ceiling and agreed...Show More Summary
What if I told you there was a 'Republican' who is not only pro-abortion ("Basically a liar" sinking pro-life efforts), but voted for the debt ceiling increase, for Ex-Im, against the sequester, and against the RSC alternative budget? This is someone who's bad on most every issue we care about. Show More Summary