Debt-ceiling

January 17, 2013 — John Hinderaker

Why Is the Debt Limit Important?

Featured image Can’t the government, at the end of the day, just print money, with the unfortunate downside being inflation? It turns out that it isn’t actually that simple, because the framers of our financial system were pretty farsighted. And that, in turn, sheds light on why the debt ceiling is non-trivial. The Grumpy Economist, John Cochrane of the University of Chicago and the Hoover Institution, explains: First, just to be clear, »
January 14, 2013 — Paul Mirengoff

Attacking the debt — three weapons and a strategy

Featured image I was pleased to read in Politico that, according to high level House sources, at least 90 percent of Republican House members are prepared to allow the sequestration cuts to take effect. President Obama would like to compromise by substituting revenue increases for some spending cuts. But if Politico is right, this is a non-starter in the House. By contrast, according to Politico, only a bit more than half of »
January 14, 2013 — Paul Mirengoff

Obama plays hardball on debt ceiling, but can’t explain away the position he took as Senator

Featured image At his press conference today, President Obama reiterated that he will not engage in negotiations over raising the debt ceiling. He called on Republicans to raise the debt ceiling without conditions. Once the ceiling is raised, we can talk about reducing the debt, including through additional tax increases on upper income Americans in the form of changing the law on deductions, Obama said. Obama introduced his discussion of the debt »