Political posturing trumps economic sense. It is reprehensible how politicians waste our time with whimsical notions about "debt ceilings" and "budgets." A federal debt limit is much like other government guidelines—e.g., "speed limits" and "filing taxes"—that exist only theoretically. In the past decade, Congress has raised the debt limit -- instituted in 1917 to restrain ... MOREDavid Harsanyi: Our Imaginary Debt Ceiling
Political posturing trumps economic sense. It is reprehensible how politicians waste our time with whimsical notions about "debt ceilings" and "budgets." A federal debt limit is much like other government guidelines—e.g., "speed limits" and "filing taxes"—that exist only theoretically. In the past decade, Congress has raised the debt limit -- instituted in 1917 to restrain ... MOREThomas Sowell: Fed Up With The Fed?
When people in Washington start creating fancy new phrases, instead of using plain English, you know they are doing something they don't want us to understand. It was an act of war when we started bombing Libya. But the administration chose to call it "kinetic military action." When the Federal Reserve System started creating hundreds of billions of dollars out of thin air, they called it ... MORE
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