Wednesday, January 23, 2013

How Many Times Can You Avert A Crisis?


Quite a few, to judge by the combined efforts of the US Congress and President Barack Obama. Having averted a tumble off the fiscal cliff at the 11th hour, House Republicans now propose a short-term solution to the debt ceiling that would give the government until May 19 to pay its bills.
The House votes on the plan today, and the White House has already indicated it won't oppose it. See you in five months, mountain of debt.

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