Debt decisions
To the editor:
Did you ask for my prediction? The deficit and debt limit decision will come within three days of Aug. 2. Congress will act somehow.
See the record. Four times under Clinton, the debt limit was raised almost $2 trillion in his eight years to $5.5 trillion (and one year had a positive balance). Under Bush the limit was raised seven times, doubling the debt, almost $6 trillion to $11.315 trillion. (Did tax cuts produce positive budgets and more employment after 2000?)
Realism correctly asks about imposing fiscal obligations on our children. What will it take? It’s going to hurt.