Posts Tagged ‘debt ceiling’
Did President Obama make the case for a “fair” debt deal?
Arena Asks: President Barack Obama called on the American people Monday night to send the message to Congress that it must approve a “balanced” approach to resolving the stalemate over the debt ceiling and deficit.
Will the president’s latest plea for a “fair” compromise spur lawmakers to a deal? Are these public appearances helping the president’s cause?
Read MoreMy Answer: Personally, I’m sick and tired of Obama’s “balanced” approach. I think he must put forward a much stronger agenda to draw the debate closer to his position and engage people emotionally in his vision for the future if he wants to break the logjam…
Debt ceiling – looming catastrophe or Y2K redux?
You know the drill — Politico’s Arena asks, I answer. I’d like to know what you would have said, so please tell me in the comments section below.
Read MoreArena Asked: President Barack Obama, Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben Bernanke warn of calamitous effects if the nation’s debt ceiling is not raised soon. But a few prominent Republicans, such as Minnesota Rep. Michele Bachmann, a presidential candidate, say nothing much would happen and blast the administration for its “scare tactics.”
Are Bachmann and co. naive about the consequences of default? Or do they have a point? Might this be the economic equivalent of Y2K, the turn-of-the-21 century computer scare that ended up causing minimal damage?