Just a short rant about the deficit situation from the latest Washington deal.
Can we recognize nobody cares about deficits and debts?
Debt Ceiling, Again
It surprised few that the debt ceiling is a topic of discussion again, although the way this is unfolding may actually be a surprise. The leaders of the House of Representatives and the Senate both seem convinced there will be an approval of a debt ceiling increase before the end of the government’s fiscal year. For the time being markets seem to largely believe this.
The Song Remains the Same
The coming debt ceiling debate should frustrate us all. Here is the picture I created the last time we dealt with an oncoming debt ceiling issue. It tells the story as well as any projections I could make right now.