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.

 

Politico TheArena logo

Arena 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?

Read More

Will Bachmann Fizzle Like Dean?

Politico’s Arena asked a really interesting question today. I’d love to know what you think and whether you agree with my assessment. Am I too optimistic? OMG I hope not!

Arena Asked: Rep. Michele Bachmann (Minn.) is drawing comparisons in her Republican presidential bid with another longshot candidate – Howard Dean, for a few months in 2003-04 the leading Democratic contender to challenge President George W. Bush. Both have drawn big summer crowds by pledging to confront

Read More

Should the Dems Raise SuperPAC Money?

The POLITICO Arena question of the day asks whether the Democrats are being hypocritical to raise SuperPAC $ while excoriating the Citizens United decision to allow unlimited giving to political campaigns. I’ll give you my answer below–would love to know how you would have replied.

Read More

What Does Cantor’s Walk-out Mean for Boehner? (My Politico “Arena” Debut)

Today I posted my first commentary on Politico.com’s Arena page. I’m delighted to have been asked to be a panelist in this rousing and sometimes rowdy political conversation on the hottest topics of the day. Today’s question: At this point will House Speaker John Boehner (R-Ohio) be able to make a deal with the White House and Senate Democrats without ticking off his base?

Read More