3 Quick Reads on the Debt Ceiling
Doug Butler
Senior Vice President & Research Director at Rockland Trust Chair - Rockland Trust Diversity Council
The first two articles talk about the possible implications of Congress failing to raise the debt ceiling with predictions of different degrees of economic fallout.?The third piece from Cato argues that the benefits of keeping a debt ceiling forces hard economic conversations and decisions to happen for legislators.?
I think it will get messy as the political costs of doing a deal may very well outweigh the individual congressperson political cost of the economic damage imposed if they are able to deflect blame so that they remain safe from a primary perspective.?I also think it’s depressing that I think most Representatives are thinking of their next election at the beginning of their term.?
Will This Time Be Different? Congress Prepares to Dance with the Debt Ceiling
Why This Debt-Ceiling Fight Is Different
An solid argument for keeping the Debt Ceiling
Automatic Debt Limit Increases: A Fast Track to Fiscal Ruin