Monday , October 18 2021
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Bungling The Debt Ceiling

Summary:
It looks like Sen. Chuck Schumer (D-NY) is bungling the matter of raising (or suspending) the debt ceiling, coming due in mid-October supposedly. He could have tied it to reconciliation in August, but decided not to, intent on getting GOPster on board with participating in doing it. But Sen. McConnell (R-KY) is having none of it, and even though Schumer thought he had them by tying it to a continuing resolution to keep the government going past Sept. 30, well, McConnell is not going along, nor are any of his colleagues, with maybe one exception, Sen. Kennedy of Louisiana who wants money for dealing with the effects of Hurricane Ida.  Anyway, it looks like McConnell is just fine with some economy-damaging crash, which may help GOP next year.  I really do not see why Schumer did not see

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It looks like Sen. Chuck Schumer (D-NY) is bungling the matter of raising (or suspending) the debt ceiling, coming due in mid-October supposedly. He could have tied it to reconciliation in August, but decided not to, intent on getting GOPster on board with participating in doing it. But Sen. McConnell (R-KY) is having none of it, and even though Schumer thought he had them by tying it to a continuing resolution to keep the government going past Sept. 30, well, McConnell is not going along, nor are any of his colleagues, with maybe one exception, Sen. Kennedy of Louisiana who wants money for dealing with the effects of Hurricane Ida.  Anyway, it looks like McConnell is just fine with some economy-damaging crash, which may help GOP next year.  

I really do not see why Schumer did not see this one coming.  I think he thinks a year from now people will be remembering it was the naughty GOP that crashed the economy rather than the Dems doing so by mismanaging things.  People are not that smart.  He needs to keep the economy going, and we know the voters do not give a phoo about deficits or the debt, unless they see the economy not doing well, which a GOP crashing of the ceiling raise could bring about.  He needs to bite the bullet and get this into the Reconciliation, although apparently now it will take some time for reasons I do not understand, and we may get a short government shutdown before it can be done.  Bungling on this one. GOP now totally irresponsible and nihilistic.

Barkley Rosser

Barkley Rosser
I remember how loud it was. I was a young Economics undergraduate, and most professors didn’t really slam points home the way Dr. Rosser did. He would bang on the table and throw things around the classroom. Not for the faint of heart, but he definitely kept my attention and made me smile. It is hard to not smile around J. Barkley Rosser, especially when he gets going on economic theory. The passion comes through and encourages you to come along with it in a truly contagious way. After meeting him, it is as if you can just tell that anybody who knows that much and has that much to say deserves your attention.

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