by Andrew Moran | Jun 2, 2023 | Articles, Good Reads, Opinion, Politics
For the next 19 months, the curtains will be closed for the debt ceiling political theater season. The federal government will add about $4 trillion to the national debt heading into 2025. Then the drama will unfold again, and whoever comes out on top in 2024 will be...
by Andrew Moran | May 31, 2023 | Articles, Good Reads, Opinion, Politics
President Joe Biden and House Speaker Kevin McCarthy (R-CA) shocked anyone who has not been following US politics since the last debt ceiling drama in 2021. The Democratic and Republican leaders announced the Fiscal Responsibility Act, a plan to raise the debt limit...
by Andrew Moran | May 29, 2023 | Articles, Good Reads, Opinion, Politics
For years, anyone who has had a peanut gallery or front-row seat in the political theater during the debt ceiling drama knew that President Joe Biden and the House Republican leadership would come together at the last minute and strike a deal. It might not have been a...
by Andrew Moran | May 27, 2023 | Articles, Business News, Opinion
“I think I can, I think I can, I think I have a plan. And I can do ‘most anything if I only think I can.” The US economy has had quite the first half of the year: banking turmoil, credit crunch, sky-high borrowing costs, stubbornly high inflation, a...
by Andrew Moran | May 17, 2023 | Articles, Good Reads, Politics
The X-Date – the day when the US Treasury will no longer be able to meet its obligations if Congress fails to raise the debt ceiling – is fast approaching. Washington has only a couple of weeks to increase the debt limit until hellfire and brimstone ostensibly sweep...