The deficit dispute

July 26, 2011 | By | Reply More

I don’t claim to have the expertise to cut through all of the yelling about the deficit. I do have some instincts, though, and many of those instincts were reinforced in a recent article by Arianna Huffington:

What’s more, these extended, deadline-pushing theatrics are utterly unnecessary. There was no reason an agreement on the long-term deficit had to be coupled to raising the debt ceiling. The latter dates from the days of World War I, and has been raised, routinely, dozens and dozens of times. It was raised 18 times under Reagan. It was raised seven times under George W. Bush.


Category: Economy

About the Author ()

Erich Vieth is an attorney focusing on consumer law litigation and appellate practice. He is also a working musician and a writer, having founded Dangerous Intersection in 2006. Erich lives in the Shaw Neighborhood of St. Louis, Missouri, where he lives half-time with his two extraordinary daughters.

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