by Andrew Moran | Aug 14, 2023 | Articles, Business News, Good Reads, Opinion
Would the national economy collapse if the US government and consumers repaid all their debt or if borrowing were outlawed? It is a fair question considering how much debt the public and private sectors have amassed since the coronavirus pandemic. While red ink had...
by Andrew Moran | Aug 12, 2023 | Business News, Lights, Camera, Action, Opinion, Swamponomics
It has been two months since President Joe Biden and House Speaker Kevin McCarthy (R-CA) reached a debt ceiling agreement that was comically named the Fiscal Responsibility Act. Both Republicans and Democrats took a bow, declaring that it would be the first step...
by Andrew Moran | Jun 21, 2023 | Articles, Business News, Opinion
Well, that was fast! The national debt has reached a milestone, or should it be described as a millstone? President Joe Biden and House Speaker Kevin McCarthy (R-CA) marketed the Fiscal Responsibility Act (FRA) as a terrific plan to suspend the debt limit and tackle...
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 James Fite | Feb 1, 2023 | Articles, Good Reads, Opinion, Politics
House Speaker Kevin McCarthy (R-CA) is meeting with President Joe Biden this Wednesday, Feb. 1, to discuss the debt limit. But don’t get too excited; the commander-in-chief promised there is to be no negotiation on spending cuts. The administration has taken the firm...