U.S. deficit ceiling deal

Another Deal Older and Deeper in Debt

August 2, 2011

The U.S. political deal to raise the debt ceiling and avert default has gone over like the proverbial lead balloon.  Financial markets gave it two thumbs down, and so did much of the press.  The Byzantine U.S. tax code was not addressed.  Unsustainable trajectories in domestic entitlement programs were not fixed.  Military spending may be […] More