Tag Archives: debt ceiling

The Sky is Falling (Again)

We have hit the debt ceiling – again. This time, the manufactured crisis is being put on slow-track, while Congress refuses to address one of the principal responsibilities they have.

US Capitol. Photo by Scrumshus (Own work) [Public domain], via Wikimedia Commons

US Capitol. Photo by Scrumshus (Own work) [Public domain], via Wikimedia Commons

As of March 16, we are at risk of defaulting or having our credit rating reduced if Congress does not act. The US Treasury will have to take “extraordinary measures” to keep the federal government’s head above fiscal water. Continue reading

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