There’s plenty of money to pay interest on the debt. There would only be a default if Joe Biden or Janet Yellen (the Treasury Secretary) deliberately chose not to prioritize.
read more...Should we even have a debt limit?
read more...Bad budget policy and default are not the same things.
read more...Rebutting the hysteria of the political establishment.
read more...I was right to worry that Republicans would fumble away a guaranteed victory.
read more...GAO wants to give Washington a credit card with no limits.
read more...It’s not all doom and gloom. We’ve seen some modest successes for advocates of limited government.
read more...If Obama wants to shutdown the government by vetoing spending bills that comply with the sequester, then Republicans should let him.
read more...…Well, I’m not sure what it means. But it sure doesn’t make sense when you look at the big picture. A credit card company wouldn’t increase a deadbeat’s credit limit, so why is it a sign of fiscal prudence to give Uncle Sam more borrowing authority? That being said, I never thought it was realistic […]
read more...Here’s the video that won the lucrative Powerline prize. Perhaps not as catchy as the entry I posted a couple of days ago, but very well done, with a proper focus on excessive government. And here’s a video just released by Cato on why the debt deal – at best – is a holding action […]
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