All Commentary
Thursday, July 14, 2011

Tensions Escalate as Stakes Grow in Fiscal Clash

“Mr. McConnell portrayed his proposal as a last-stand way to spare Republicans from being blamed for a default if no alternative plan could be approved.” New York Times

Crises produce plenty of blame to shift onto opponents.  Talk about perverse incentives.

FEE Timely Classic

The Politics of Deficit Spending” by Hans Sennholz