Some of us are old enough to remember when Washington, embroiled in a debt ceiling negotiation crisis, was on the brink of default.
Way back in 2011, newly empowered congressional Republicans (then commonly referred to as “nihilists“) attempted to negotiate a dollar-for-dollar deal on the debt. Those who used the good faith and credit of the nation as a cudgel for political gain — or even to try reduced spending — were, we were told, absolutely bonkers.(Read More)
Will this cause another SUPER COMMITTEE. That is what got us here.