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Friday, October 11, 2013

Bartlett: The Dangers of Debt Limit Brinksmanship

Tax Analysys Logo (2013)Bruce Bartlett, The Dangers of Debt Limit Brinksmanship, 140 Tax Notes 1601 (Sept. 30, 2013):

[Bartlett] examines the potential economic effects of a failure by Congress to raise the debt limit, which is estimated to be reached by the end of October, possibly leading to a default. The consequences could be catastrophic, and President Obama may be forced to take extra-constitutional actions to prevent it..

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http://taxprof.typepad.com/taxprof_blog/2013/10/bartlett-the.html

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Comments

To justify any extra-constitutional action that Obama may take in violation of the statutory federal debt ceiling, by comparison to Lincoln’s suspension of habeas corpus during the Civil War, as Bartlett does, is to insult the American people and the history of our constitutional Republic.

Posted by: Jake | Oct 12, 2013 11:12:10 AM