Tag Archives: Debt Ceiling

Senate Just Passed The Debt Ceiling Bill After A Dramatic, Hour-Long Vote

The Senate narrowly voted to advance — and, eventually, pass — the House of Representatives-passed debt-ceiling increase, after Democrats spent a long time on the floor trying to wrangle more Republican votes.

In the end, the measure cleared rather easily, 67-31. The vote on final passage was 55-43. The legislation suspends the debt ceiling through March 15, 2015...

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The Government Shutdown Was Brilliant Republican Strategy

With this sequence of events, combined with 2011, the Republicans convinced some of their opponents that they are crazy and irresponsible, without actually being crazy (though they were irresponsible, but that is the whole point).  I peaked once into Tyler’s Twitter feed, and I found several accomplished Democratic economists — yes brilliant economists, as all economists are — suggesting that any day now markets are going to notice the truly crazy character of the Republican House and price that into interest rates and stocks.  Oh what a tale!  (A more accurate reading of the more radical Republicans would in fact be more cynical and ordinary than most of the pablum served up by their critics.)  Imagine that you control only the House and can manage to convince your opponents that you are stronger and more dedicated to your cause than in fact you are.  Only the truly strong and dedicated can pull such a caper off!

 

- See more at: http://marginalrevolution.com/marginalrevolution/2013/10/tyrone-on-why-the-government-shutdown-and-the-debt-ceiling-crisis-were-brilliant-republican-strategy.html#sthash.d5IN9se3.dpuf

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