Friday, September 27, 2013

Recommend Reading

With the continuing resolution to fund the government currently in flux, it's easy to forget that once this thing gets resolved, there's still the little matter just down the curb of raising the nation's debt ceiling lest we default on our loans. It's a truly terrifying model of "legislating by crisis" that's made inordinately more terrifying by the stated desire of many vested parties to actually let the worst case scenario materialize. As Jonathan Chait explains however, the debt ceiling issue is far too fraught for there to be anything but one resolution.

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