New Debt Limit Brings New Opportunity for Cut, Cap, Balance

By: Daniel Horowitz (Diary)  |  February 20th at 08:14 AM  | 

When Republicans agreed to raise the debt ceiling last year, not only did they credit Obama’s credit card by $2.1 trillion, they also gave him a lifeline until after the election.  At the time, it was projected that $2.1 trillion in new debt allowance was sufficient to last until January 2013, sparing Obama the embarrassment of raising the debt ceiling right before the election.  Well, | Read More »