debt ceiling


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Kicking the Can, As Expected

The recent deal in Congress solves nothing, resolves nothing
Thursday, October 17, 2013, 4:23 PM

I didn't get too worked up analyzing what might happen in the event of a U.S. default on its debt, because I knew in my heart of hearts that such a move would have required some serious political spine.

This is something that is completely lacking in both parties right now, so I didn't worry about any other outcome besides an eleventh-hour agreement to kick the can a bit further down the road. » Read more

Daily Digest

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Daily Digest 10/16 - U.S. AAA Rating On Watch, Debt Ceiling FAQs

Wednesday, October 16, 2013, 8:22 AM
  • Bodies Double as Cash Machines With U.S. Income Lagging
  • Officials to demolish 1,600 vacant homes in Flint
  • Fewer snowplows on King County roads this winter
  • Bailed-out Portugal to make new cuts in 2014 budget
  • U.S. has defaulted twice, historians point out
  • Record Number Of Oklahomans On Food Stamps
  • State sees record number of homeless families sheltered in hotels
  • Gold premiums hit record in India
  • Poll: Half of older workers delay retirement plans
  • Red-light cameras generate revenue, controversy
  • Venezuela Inflation Rises above 49%
  • Frequently asked questions on what happens on Oct. 17 if Congress doesn’t lift the debt ceiling
  • Bad loans at Italy's banks rose to almost 142 bln euros in August
  • Fitch: U.S. AAA rating on watch over debt debate

A Couple of Bad Ideas

Practical thinking remains in short supply
Sunday, December 9, 2012, 8:46 PM

This week a couple of very bad ideas were floated, one having to do with U.S. natural gas (NG) supply, and the other a proposal for how the U.S. president could avoid having to deal with the pesky debt ceiling.

Throughout the entire unfolding of the crisis, we have all been patiently waiting (if not agitating) for reality to gain a place at the table of ideas.  Instead, we still have the usual fare of the absurd and the ridiculous, indicating that we are not quite ready yet to entertain the serious business of negotiating the various predicaments that we face. » Read more