Thursday, July 14, 2011

Experts See Debt Limit Backup Plans

Alexis Simendinger, RealClearPolitics
As remote as it seems now, there is at least one compelling fiscal certainty among Washington's top elected leaders: America will raise its $14.3 trillion debt ceiling before default can threaten an already shaky economy. New borrowing authority may be granted until the end of 2012, or for just a month or two while an imminent deficit deal gets inked. Either way, the president and top lawmakers insist the country will not tumble over a cliff.Even as White House talks appeared Wednesday to test President Obama's famously unflappable demeanor (he ended a fourth consecutive round of...

Source: http://www.realclearpolitics.com/articles/2011/07/14/despite_impasse_experts_see_debt_ceiling_backup_plans.html

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