What the #!%*!: Understanding the U.S. debt ceiling
In this occasional feature, the National Post tells you everything you need to know about a complicated issue. Today, Aileen Donnelly examines the U.S.’s borrowing cap, the likelihood that the country could default on its debt for the first time in history, and how this could be avoided.
I’ve been getting away from the “politics” part of this blog description. Mostly because everything about politics lately has really disappointed me (besides New York’s legalization of same-sex marriage).
Our current debt ceiling “crisis” is one of those things. I use the word crisis in quotations here because a bunch of white males not being able to make a compromise about something sounds less like a national code-orange and more like my dad and his neighborhood buddies in the beer aisle at Meijer before a block party.
I am fed up with hearing about this, as is most of America. But the National Post does an eloquent and visually compelling job of breaking down all of the jargon that seems to have most Congressmens’ panties in a bunch.