Featuring Gretchen Hamel
As Washington attempts to address the current debt ceiling crisis, there is actually an effort to undo one of the solutions to the great debt ceiling crisis of 2011. As a brief reminder, the 2011 debt ceiling showdown saw our nation’s credit downgraded by credit rating agency Standard & Poor’s. The reason wasn’t just the debt ceiling debate though, S&P stated the federal government lacked a “credible” plan to tackle long-term debt.
James Madison famously said, “If men were angels, we would need no government.” Days after the IRS and other scandals came to light, it appears that quote needs a re-evaluation. The government has grown well past its original intentions and is wading into the murky waters of targeting those who wish to hold it accountable.
You know that feeling you get when you are watching Jeopardy and the answer is so obvious, but the contestant just doesn’t get it? You scream, “Come on!” at the TV. “Everyone knows George Clooney played Dr. Doug Ross on ER!” The contestant gets it wrong, your remote goes flying, and the night ends on a low note. It’s the same feeling I get lately as everyone involved in the fiscal cliff talks continues to focus on the presumed problem–taxes. But the answer couldn’t be more obvious–spending.
After most Americans get off work today they will head over to the nearest gas station to pick up a Powerball ticket. With a jackpot like $550 million at stake, multiple ticket purchases will certainly be within reason. After all if someone's going to win, it might as well be me, right?
"Win the day" is a common refrain in politics. Win enough days and you win the campaign/debate as the logic goes. The Price of Politics, the new book by Bob Woodward, chronicles Washington's failure to compromise on a strategy to spur the economy while reining in widening deficits.
It's party time for the parties! Republicans wrapped up their nominating convention in Tampa last week and Democrats kick theirs off in Charlotte today. … But with each easy applause line, each toast to success on Election Day, and each highly produced campaign video, the national debt continues to increase. …