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Federal Judiciary

: Bench Memos - National Review Online

A Good Debt-Ceiling Deal

By Larry Kudlow

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As uncertain and unruly and disheveled as the debt-ceiling debate may be, there are still good grounds to reach a deal. It could help the economy. It could keep the policy ball moving in the direction of smaller government. It could add a key business tax incentive for economic growth. And it could even stabilize the dollar.

There really are two problems here: First is raising the debt ceiling to avoid default. (That's a real good idea.) Second is stuffing enough spending and deficit reduction into the deal to accommodate the newly militant demands of S&P and Moody's, who want roughly $4 trillion in cuts over ten years in order to keep our AAA rating.

Keep reading this post . . .

Full post as published by Bench Memos - National Review Online on July 18, 2011 (boomark / email).

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