national debt

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• SOURCE: New York Times
  5/24/2023
  

  Does Lincoln Hold the Key to the Debt Ceiling Crisis?

  by Roger Lowenstein

  Issuing "greenback" paper currency backed by the government's credit instead of gold was seen as a radical move in 1862, but Lincoln and Treasury Secretary Salmon Chase recognized the paramount importance of safeguarding the nation's credit and did it anyway. 

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• SOURCE: NPR
  4/29/2023
  

  Financial Historian Kathleen Day on the Origins and History of the Debt Ceiling

  Is the debt ceiling, which has been raised 78 times since being established by Congress during World War I, a useful periodic reminder of fiscal restraint or an outdated relic that has become a weapon for partisan extortionists? Kathleen Day discusses the ceiling with NPR's Scott Simon. 

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• SOURCE: The Atlantic
  1/24/2023
  

  What's the Deal with the Trillion Dollar Coin?

  Law professor Rohan Grey discusses the history of the debt ceiling law and why minting a giant denomination coin might be the least stupid option should Congress refuse to raise the ceiling. 

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• SOURCE: New York Times
  1/23/2023
  

  The 14th Amendment Should Put a Stop to Debt Ceiling Hostage Taking

  by Eric Foner

  The provisions of the Reconstruction Amendments dealing with the national debt were tied to the nation's short-lived commitment to interracial democracy in the South; today they offer the Biden administration a possible tool to use if Congress pushes to the brink of default. 

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• SOURCE: The Hill
  4/13/2020
  

  Federal Debt to Exceed GDP for First Time since World War II: Watchdog

  Debt held by the public is on track to exceed the size of the entire U.S. economy this year for the first time since World War II, according to a new analysis by the Committee for a Responsible Federal Budget (CRFB).

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• 12-3-17
  

  The Case for Massive Corporate Tax Cuts Is Flawed

  by James Livingston

  In theory, it makes perfect sense.  In practice, it’s made for disaster since 1983.

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• SOURCE: Bunk
  

  The Supply-Side Swindle

  by Brent Cebul

  Until liberals understand that supply-side tax cuts are a political strategy dressed as an economic theory, they will be doomed to repeat their technically accurate but utterly irrelevant arguments.