Debt by Any Other Name

In an op-ed in the Verdict blog, Professor Neil Buchanan discusses the latest round of ongoing debt ceiling debates in Congress. With the United States expected to reach its debt limit this Friday, February 7, there is once again pressure to find a temporary solution to keep the government running. "The problem is that each time the debt ceiling has come close to causing a catastrophic default on U.S. obligations, the solutions agreed upon by Congress and the President have merely bought us a few months of peace."