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Debt ceiling theatrics reshape a looming crisis
President Obama and House Republicans gridlock over raising the debt limit, with officials warning of default. The article argues the crisis is political theater aimed at 2012 elections, citing projections of Social Security payments, tax receipts, and mandatory spending while noting past increases in the debt limit and strategic plans to allow disapproval votes without preventing hikes. It critiques GOP posture and contrasts it with Obama’s portrayal, ending with a note on Lyons of the Arkansas Democrat-Gazette.
MENTIONED IN THIS ARTICLE
United States
Congress
U.S
John Boehner
CBS News
Barack Obama
CBS Network News
N’t
Washington
Washington Post
Treasury Department
National Weather Service
IRS
FDA
FAA
Treasury
Barbara Tuchman
TV Talking Heads
George W. Bush
Boehner
House
Eric Cantor
Senate
Mitch McConnell
McConnell
Obama
Greg Sargent
Rush Limbaugh
Michele Bachmann
Sarah Palin
Bachmann
Sargent
David Brooks
Harry Truman
Illinois
Adlai Stevenson
Arkansas Democrat-Gazette
Gene Lyons
St. Martin's Press
Lyons
Eugenelyons2
Yahoo.com
Rep. Bachmann
Marc Maron
HBO
Bill Maher
Savage
Rick Santorum
Saletan