Archive for January 22nd, 2012

Why the U.S. Debt Ceiling Is Dangerous


Sunday January 22nd, 2012   •   Posted by Emily Skarbek at 10:43am PDT   •   3 Comments

My colleague Jeff Hummel pointed out an interesting blog post by Ted Levy where he asks the question: what’s the point of the debt ceiling? Levy shows that since the debt ceiling was created in 1917, it has been raised over 100 times, 8 times in just the last ten years. In fact, Congress…
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