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JAN 24, 2013 - Real Clear Politics

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The Unavoidable Debt Debate Impasse

Samuel Staley, RealClearMarketsCongressional Republicans are seen as the primary obstacles to addressing the nation's burgeoning public debt-now over $16 trillion-but this says more about the deftness of Democratic Party political spin than a real resolution of America's fiscal problems. Republicans have offered a three-month suspension of the debt ceiling, and the White House is likely to go along, but in reality the stand-off will probably continue without a "grand bargain" at least until the mid-term elections in 2014. The problem is not a lack of political will - it ... Read More

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