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 »

The Debt Rises, The Economy Sinks

By: Daniel Horowitz (Diary)  |  August 4th at 11:04 AM  | 

Despite being dispirited by the one-sided nature of the debt ceiling deal, most of us were looking forward to reaping the rewards from its only ancillary benefit; the impending stock market rally.  Much to our chagrin, the Dow dropped precipitously, losing over 800 points since the opening bell on Monday.  After the initial euphoria from the debt ceiling hangover began to subside, people have been | Read More »