Boehner

The Dangerous Debt Ceiling Dance

The Politics of Economics and more tall tales...
Summary: 

This past week, the words of founding father, Thomas Jefferson came to mind: “The credit and fate of the nation seems to hang on the desperate throes and plunges of gambling scoundrels.” That was 1792 and over two centuries later, we are still held hostage to the throes and plunges of scoundrels. Shocking as it may be to contemplate, America has been levered up since its inception. Somehow we have become the world’s greatest economic power despite this. Alexander Hamilton believed that debt was actually good for the nation and banked our future on it.

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This past week, the words of founding father, Thomas Jefferson came to mind: “The credit and fate of the nation seems to hang on the desperate throes and plunges of gambling scoundrels.” That was 1792 and over two centuries later, we are still held hostage to the throes and plunges of scoundrels. Shocking as it may be to contemplate, America has been levered up since its inception. Somehow we have become the world’s greatest economic power despite this. Alexander Hamilton believed that debt was actually good for the nation and banked our future on it.

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