A bondholder could simply allege that America failing to pay off its debts is unconstitutional. There’s a good argument for that.
debt ceiling
Posted inEconomic Policy
Introducing X-Date: A Debt Ceiling Newsletter
Democrats could have tried to abolish this pointless and dangerous economic time bomb, but failed to do it.
Posted inTAP
What Should Biden Do About the Debt Limit?
Today on TAP: Negotiating with the GOP would be a disaster, but not negotiating has political perils, too. Which leaves—what?
Posted inHealth and Social Policy
Democratic Child Care Bill Keeps Work Requirements
At a time when Democrats are savaging House Republicans for expanding work requirements in Medicaid and SNAP, their signature child care bill also contains them.
Posted inTAP
McCarthy’s Losing Game of Debt Chicken
Today on TAP: Everything has to break right for the hapless Speaker to pass his budget, and even then Biden holds all the cards.
Posted inPolitics
Republicans’ Self-Inflicted Budget Impasse
The GOP discovers that shouting lies on television is not a good way to figure out how to tax and spend.
Posted inMoney, Politics, and Power
Critical Tests for the Biden Administration’s New Team
If the new chief of staff and National Economic Council Director want to prove that they aren’t diverting the administration back to a neoliberal footing, here are a few options.
Posted inTAP
Beware Debt Hysteria
Today on TAP: Spending cuts for the sake of debt reduction would weaken both Biden and the economy.
Posted inEconomic Policy
The Twilight of the Deficit Hawks
Democrats have stopped being the willing partner in a great conspiracy to slash social insurance.
Posted inPodcasts
Democrats’ Debt Ceiling Debacle
For some reason the party decided to hand the Republican House majority a live economic grenade.
