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Tag Archives: debt limit
I hate comparisons between household budgets and Government budgets. Things which work in the micro-economic environment fail in the macro-economic environment, often because of the Fallacy of Composition. But this scenario is so cute I’ll make an exception. – Grandpa … Continue reading
I always love what Fareed Zakaria has to say, especially when he agrees with me. In this post he untangles the claims and counterclaims regarding the Debt Ceiling with the fundamental insight that when a legislature votes to authorize spending … Continue reading
Read my response to jonolan’s Comment and see what you think.
Even before we collided headlong into one another as I was entering, and he was leaving Chris Cella’s, I always liked Senator Daniel Patrick Moynihan. He was a man of boundless energy, and unimpeachable intellect. He studied issues in-depth. His adversaries … Continue reading
Yesterdays meeting at the White House was reported on this way by the BBC: Mr Obama was joined at the negotiating table on Saturday by his Vice-President Joe Biden, Republican House Speaker John Boehner, Democratic House Minority leader Nancy Pelosi, … Continue reading
All the money which the Government spends is appropriated by Congress. All the Taxes which the Government collects is levied by Congress. If Congress does not Levy enough taxes to cover appropriations, the President is required to borrow the difference, … Continue reading