$18.9 billion. That’s what the 2011 debt-limit standoff and the threatened U.S. credit default will be costing taxpayers in higher interest payments over the
Tag: Debt Ceiling
Dan Froomkin: Debt ceiling deal benefits wealthy and Wall Street
Dan Froomkin’s explanation of the debt ceiling debacle is one of the best I have read. He makes the simple, obvious, point: The obsessive
$2 trillion: the ballpark figure du jour?
$2 trillion is a very popular number. When the right-wing hostage takers at long last agreed to a $2.1 trillion ransom for the debt
Could Obama have avoided the debt ceiling fight?
The standard progressive narrative is that president Obama wanted a clean debt-ceiling hike but was forced, by extremists in the Republican Party, into making
Debt-ceiling debacle: 21st century Titanic
Ignoring warnings of danger ahead. Steaming at full speed toward disaster. That was the tragedy of the Titanic and its rendezvous with a mass