Republicans rightly using leverage to win cuts to resolve debt
HeraldNet.com
HeraldNet.com - Everett and Snohomish County news from The Daily Herald in Everett, Washington
In his commentary (“Economics 101: Defining deficits, debt and a looming debacle,” The Herald May 13) Paul Roberts makes several valid points about our deficits, the resulting debt, and concludes the “current trajectory of borrowing is unsustainable.” However, at this point he veers into what I refer to as “magical thinking,” as he proposes that the debt ceiling be raised now by Congress, and budget deficits be addressed in the next budget.
Republicans rightly using leverage to win cuts to resolve debt
Wire Service