The current political debate over whether, and under what conditions, to raise the debt ceilings may be more than just political theater. Alice Rivlin, senior fellow at Brookings, expects the debt ceiling will be raised. "In an ideal world," Rivlin argues, we would not have a debt ceiling, but rather "sensible fiscal policy that did not get us into this fix." What's really important, Rivlin argues, is setting a course to pay down the deficit. And that requires more revenue and less spending.
Posted
06-03-2011 2:30 AM
by
Graham Griffith