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A simple way Biden could stop this drama and ignore the debt limit — Zachary B. Wolf

Summary:
Robert Hockett proposes essentially the same solution that I have recently — ignore the debt ceiling it is invalid legally.Hockett: The budget is its own debt ceiling.…We don't need gimmick vs. gimmick when we have budget lawWOLF: What about the other ideas to get past the debt ceiling? Trillion dollar coins and such?HOCKETT: The wonderful thing from my point of view here is we don't need any of those gimmicks. We just have a little garden-variety budget law on our side, and so we don't really have to resort to anything kind of unusual or surprising or gimmicky..…Kake NewsA simple way Biden could stop this drama and ignore the debt limit Zachary B. Wolf, CNN interviews Robert Hockett, a law professor at Cornell University who specializes in public finance and consults for the

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Robert Hockett proposes essentially the same solution that I have recently — ignore the debt ceiling it is invalid legally.
Hockett: The budget is its own debt ceiling.…

We don't need gimmick vs. gimmick when we have budget law

WOLF: What about the other ideas to get past the debt ceiling? Trillion dollar coins and such?

HOCKETT: The wonderful thing from my point of view here is we don't need any of those gimmicks. We just have a little garden-variety budget law on our side, and so we don't really have to resort to anything kind of unusual or surprising or gimmicky..…

Kake News
A simple way Biden could stop this drama and ignore the debt limit
Zachary B. Wolf, CNN interviews Robert Hockett, a law professor at Cornell University who specializes in public finance and consults for the International Monetary Fund and the Federal Reserve Bank of New York
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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