The media and much of the blogosphere are framing the coming debt ceiling decision as one in which the Republican-majority House may refuse to extend the Federal debt ceiling, thus forcing both a Government shut-down, and also a possible default of the US in paying its debt obligations to its creditors. more »
An awful lot of Congresscritters lately have been threatening to refuse to raise the debt limit unless legislative programs whose funding has been previously authorized and appropriated are re-negotiated. Of course, new tea party representatives have been threatening this daily. more »
In a little more than a month, the President will give his State of the Union speech. There's every reason to believe that, in it, he will state that, in all sincerity, he believes that the United States Government has a deficit problem and a national debt problem that must be brought under control.
He will tell us that the Government is running out of money. more »
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