Here’s One Way Out of the Debt Ceiling Impasse

By: Francis Cianfrocca (Diary)  |  July 19th at 09:57 AM  | 

Ok, let’s look at both the politics and the economics of this issue. The underlying politics is as follows: the American people are sick and tired of deficit spending. The pundits are completely wrong when they downplay this issue, because deficits are FAR worse now than they ever have been in peacetime (10+% of GDP). And they got far worse at almost the exact moment | Read More »