Tag Archives: Debt Limit Extension Act

Having gone unnoticed is the now silent political contest over the Debt Ceiling. Concurrent with the advent of the Obama Administration and along with it the explosion in Federal Debt, the Debt Limit argument has become a perennial event.

The sudden switch to apathetic political resolve has many reasons & the key elements are:

(1) The Temporary Debt Limit Extension Act (2/2014) that “suspends” the Debt Ceiling.

(2) Sequestration which, in part, has capped certain elements of the Budget.

(3) Political realities have taught the Republicans (and the Democrats) that forcing government shutdowns brings with it a near un-survivable political price.  Read more...