All Commentary
Friday, January 7, 2011

Hike Debt Limit, Geithner Implores

“Treasury Secretary Timothy F. Geithner warned lawmakers Thursday that the national debt could hit the legal limit on borrowing as soon as March 31, and he urged quick action to avoid a government default that would spark ‘catastrophic economic consequences that would last for decades.’” (Washington Post)

“The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary.” –H.L. Mencken

FEE Timely Classic
“Democracy, Deficit, and Debt” by Steven