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: Bench Memos - National Review OnlineA Good Debt-Ceiling Deal
By Larry Kudlow
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).
Can Government Debt Be An Asset
With a government shutdown successfully averted, the new issue is how to deal with the debt ceiling. The debt ceiling provides a statutory cap on the amount the federal government can legally borrow...
The damage already done by the debt ceiling debate
Listen to anybody on Capitol Hill, and they'll tell you that the debt ceiling debate is turning into a complete disaster, with the Republican rank and file such an inchoate mess that it increasingly seems as though no deal will get done at all.
Obama asks Congress to raise the debt ceiling
The Hill: "Now Obama is asking Congress to raise the debt ceiling, something lawmakers are almost certain to do despite misgivings about the federal debt. The ceiling already has been hiked three times in the past two years, and the House took action earlier this year to raise the ceiling to $13 trillion...
Why do we have a debt ceiling
Can someone please explain to me why we have a debt ceiling at all? Its existence seems to violate every tenet of risk management and good governance.
KEVIN WILLIAMSON: Should Republicans Raise The Debt Ceiling Advice to Republicans: You had bette
KEVIN WILLIAMSON: Should Republicans Raise The Debt Ceiling? “Advice to Republicans: You had better hold out for some real spending cuts. You can already see the outlines of a deal shaping up in Washington, one in which Republicans give in on the debt ceiling in exchange for Democrats? agreeing to extension of [...
SCRAP THE DEBT CEILING One Mans Debt Ceiling is Another Mans Floor. With so much at stake,
SCRAP THE DEBT CEILING? One Man?s Debt Ceiling is Another Man?s Floor. “With so much at stake, debt limit legislation is ‘must-pass’ legislation, so lawmakers usually try to attach all sorts of mischievous things to it, typically things related to the budget...
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