This Again?

We appear set to have yet another debt ceiling fight, so let me repeat what I have said in previous situations when a debt ceiling fight was pending: Having a debt ceiling fight is a terribly dumb idea. It brings about financial uncertainty, it flirts with yet another downgrade of America's credit rating, and failing …

Is Our Deficits Shrinking?

President Obama claims that they are. Keith Hennessey has a better grasp on the facts:CBO projects that under current law we would have a deficit of 4% of GDP for 2013, meaning that our debt/GDP will continue to rise. CBO further projects that under the President’s budget we would have a deficit of 4.2% of GDP for 2013, slightly …

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