Displaying posts tagged with

“debt ceiling”

Debt Ceiling: A Picture is Worth a Trillion Words

Though the U.S. defaulted only once in modern history (1979 due to a technical error) and twice in ‘ancient’ history (1933 on its gold commitments to holders and 1790 as a newly formed nation), the amount of times the debt ceiling was actually raised is staggering, in our opinion. In fact so much so, it […]