Entries Tagged as 'Long Term Debt'

Will the Super Committee Act Out of Fear?

October 7th, 2011 at 5:30 pm 6 Comments

“Messiness” has been a prime characteristic of legislation since the days of Solon. So, cheap the mess surrounding the operations of the Joint Select Committee on Deficit Reduction and Congress’ “work” on a jobs bill shouldn’t surprise anyone. What does always seem to surprise observers almost every single time is when the messiness turns into legislation.

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Memo to GOP: Don’t Run on What Voters Don’t Want

September 1st, 2011 at 1:08 am 56 Comments

With the national debt skyrocketing, a faction on the right is hoping to turn the 2012 election into a debate on entitlement reform. No doubt, many Democrats are hoping the very same thing.

Democrats would view that development as a chance to gain politically, while some Republicans would see it as a chance to demonstrate their purity.

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Huntsman Goes All in For Ryan

September 1st, 2011 at 12:50 am 15 Comments

While watching Jon Huntsman give his remarks on his jobs plan, I paid attention to how his speech described the existential threat of US debt.

Huntsman made clear he supports a Balanced Budget Amendment because “our debt is immoral and should be unconstitutional.” During a question-and-answer session, he added that the debt had to be controlled or it was going to “metastasize and kill this country.”

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S&P Was Right to Downgrade

August 8th, 2011 at 4:34 pm 26 Comments

The dispute between the Treasury Department and Standard and Poor’s over America’s sovereign bond rating is a tempest in a teapot.  Worse, it overshadows the reality about America’s debt: Congress cannot handle it politically and Americans will have difficultly handling it personally.

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