- President Obama spoke to the nation on Tuesday about the ongoing debt ceiling debates and inaction, claiming to be tiring of partisan and ideological inflexibility: “My hope is everyone will leave their ultimatums at the door, that we’ll all leave our political rhetoric at the door.”
- Gold and silver prices are expected to continue to skyrocket from their already record highs in the coming months as debt ceiling-produced uncertainty about the strength of the dollar continues to drive investment to these commodities.
- Senator Rand Paul has announced that he will filibuster “in an attempt to force debt ceiling negotiations into the open.”
- What’s actually likely to happen with the debt ceiling? Here’s a proposal of four possible outcomes and their respective likelihoods.
- “Is default on our debt inevitable?” asks Pat Buchanan. “One Chinese economist is already accusing us of defaulting, as the Fed’s flooding of the world with dollars has seen the dollar lose 10 percent of its value against other currencies in the last year.”
- America is indebted to war, argues Jack Hunter, the Southern Avenger, and we can’t fix our fiscal crisis until we fix our interventionist foreign policy, now unpopular with nearly three out of four Americans:
Update from Capitol Hill
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