09/28/21

The Debt Ceiling Kabuki Dance

Every few years, the United States rubs up against its mythical “debt ceiling,” a number which must be approved by the Congress to enable the Treasury to use debt to pay our national bills and conducts a ritualistic charade of acting like fiscally responsible adults — a bloody Kabuki dance.

Speaker of the House Nancy Pelosi and Majority Leader Chuck Schumer discussing the debt ceiling in costume of Japanese Kabuki dancers.

The debt ceiling is the maximum amount of money the US Treasury has authority to borrow in the form of bond sales.

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07/24/13

Sequestration, Entitlement Reform, Debt Ceiling and Other Fables

Big Red Car here.  Another beautiful Wednesday in the ATX.  We’ll be topping 100F today but, hey, it’s July remember?  [Haha, Big Red Car, the folks do not need to be reminded it’s July in Texas.  They can feel it.]  The real world is a very nice world and a substantial number of folks like you actually live in the real world.

Speaking of the real world, The Boss was chatting with a pal who reminded him of the threats and promises of sequestration and entitlement reform and the impending debt ceiling. Continue reading