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Debt-Ceiling Nonsense Once Again
Froma Harrop, Providence Journal
Nothing like a debt-ceiling brawl to raise the public's anxiety levels. The Republican threat two summers ago to let America default on its borrowing helped lower America's credit rating and sent consumer confidence back into intensive care. The people were not amused.Consumer confidence dove again this month, as shoppers feared a jump over the "fiscal cliff" would undo their economic gains. We refer to the deep spending cuts and tax hikes that Republicans agreed to as a condition of their not sending the United States into default.http://www.realclearpolitics.com/articles/2012/12/11/debt-ceiling_nonsense_once_again_116380.html
Nothing like a debt-ceiling brawl to raise the public's anxiety levels. The Republican threat two summers ago to let America default on its borrowing helped lower America's credit rating and sent consumer confidence back into intensive care. The people were not amused.Consumer confidence dove again this month, as shoppers feared a jump over the "fiscal cliff" would undo their economic gains. We refer to the deep spending cuts and tax hikes that Republicans agreed to as a condition of their not sending the United States into default.http://www.realclearpolitics.com/articles/2012/12/11/debt-ceiling_nonsense_once_again_116380.html
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