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Debt-Ceiling

Let there be sunshine on the budget supercommittee

There has been a great deal of talk in recent years among Washington’s professional politicians about making government more transparent. President Barack Obama famously promised during his 2008 campaign that all deliberations on his landmark Obamacare health reform law would be televised on C-SPAN. When it came time to actually write the law and do the hard bargaining to get it through Congress, however, there were no C-SPAN cameras behind the closed doors where the action was. Read More

Top 10 horrible consequences if they hadn't reached a debt-ceiling deal

With everybody in Washington breathing deep signs of relief that earlier today the Senate passed the debt-ceiling deal approved yesterday by the House, and President Obama quickly signed the measure into law, it behooves us all to contemplate what would have been had this happpy day not come around. Read More

Three dirty secrets of the debt-ceiling fight

Three dirty secrets underlie the debt-ceiling debate. First, the back-and-forth over competing proposals to cut $1.2 trillion, $2.7 trillion or $3.7 trillion misses the larger point. Depending on which baseline is used, the national debt is going to be somewhere in the neighborhood of $20 trillion in 2020. Read More

Do you know how many times Chuck Schumer voted against raising the national debt ceiling?

If you answered "four times" to the question posed in the headline above, you are either spending way too much time in the Congressional Record, or you have superb research and recall skills! Let's just assume it's the latter. Anyway, the right answer is indeed four times, at least. For the record, here's the four occasions, as documented by congressional records Read More
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