America’s Dangerous Debt Ceiling Debate
The world economy is hard-wired to the assumption of a strong America, and Americans benefit from this. But the more their politicians argue over the US government's debt ceiling, the greater the risks that the wiring will become irreparably frayed.
https://prosyn.org/Kja1Z99
NEWPORT BEACH – It has been raised more than 70 times in the last 50 years, mostly without commotion. It must be raised again this summer if the United States government is to continue paying its bills on time. But now America’s debt ceiling has become the subject of intense political posturing and touch-and-go negotiations behind closed doors. And, obviously, the outcome has implications that go well beyond the US.