Keith Hennessey on the Debt Limit

http://www.futureofcapitalism.com/2013/01/keith-hennessey-on-the-debt-limit

Keith Hennessey writes that President Obama "is afraid of getting jammed by small short-term debt limit increases (as I have recommended). Really afraid. This path would keep fiscal issues front-and-center when he wants to punt them, and it would force him to pay a price every few months. Just as in 2011 his top priority was to get a debt limit increase that lasted past the election so he would not have to negotiate again, his top priority is to make certain he isn't forced to do this often. The primary leverage Congressional Republicans have on this bill is the size and duration of an increase, not the ability to deny any increase. The President will pay to do this infrequently."

by Editor  |  Jan 15, 2013 at 9:24 pm Related Topics:  President Obama receive the latest by email: subscribe to the free futureofcapitalism.com mailing list