Saturday, January 5, 2013

Calculated Risk — Default Ceiling: Bluffing into the Nuts

I prefer "default ceiling" because "debt ceiling" sounds like some sort of virtuous limit, when, in reality, the vote is about whether or not to the pay the bills - and voting for default is reckless and irresponsible.
Calculated Risk
Default Ceiling: Bluffing into the Nuts
Bill McBride

"Default ceiling." I like it. Excellent framing.

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