debt ceiling

Why no one's relieved about the debt ceiling deal

by Anonymous on August 04, 2011

The good news is that our country narrowly dodged a bullet when congressional leaders and the White House were able to agree on a compromise deal to raise the debt ceiling. The plan will raise the debt ceiling through 2012 and achieve the $2.4 trillion in deficit reduction. The bad news is what we're all bracing for next.

Playing chicken with our future

by Anonymous on July 26, 2011

Watching President Obama's television address and the Republican response from House Speaker John Boehner last night, it was hard to forget that I wasn't watching a brilliant bit of political satire on "The Daily Show," but a real life crisis unfolding. The fact that the world's richest country is dancing on the brink of defaulting on our debt is hard to imagine. But once you get over the surreal nature of this political game of chicken, the potential consequences become extremely serious.

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