“Framework” Reached on Debt Ceiling
“Congressional leaders of both parties and President Obama said they have agreed to a framework for a fiscal deal that they will present to their caucuses Monday morning, moving Congress closer to taking up a measure that could pass both the House and Senate with bipartisan support and be signed by President Obama, averting a fiscal calamity.” (New York Times)
Solving a debt problem with more borrowing.
FEE Timely Classic
“The Evil of Government Debt” by Sheldon Richman
Comment by Bullseye on 1 August 2011:
“averting a fiscal calamity”
Their agreed to framework will be the disaster.
Shouldn’t we just nationalize the NYT? We could call them the Ministry of Propaganda.