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The National Debt

The National Debt : The Bullpen
Edward Morrissey

Edward Morrissey: Why a government shutdown would help the GOP

After the fiscal-cliff fiasco, Republicans have almost nothing to lose

 
The National Debt : Opinion Brief
A trader on the New York Stock Exchange floor: Credit rating agency Fitch may be the next to cut America's AAA rating.

Is the U.S. headed for another debt downgrade?

Fitch Ratings warns that it will strip the federal government of its AAA rating unless Congress tackles its nagging deficit problem

 
The National Debt : Burning Question
Rep. Paul Ryan (R-Wis.) says he actually requested to not sit on the debt "super committee" that many political observers assumed he'd be on.

Why isn't Paul Ryan on the debt super committee?

Though many observers assumed he was a shoo-in, the GOP's budget guru won't be representing Republicans in talks to sharply reduce the deficit

 
The National Debt : The List
Senate Minority Leader Mitch McConnell named Sens. Jon Kyl (R-Ariz.), Rob Portman (R-Ohio), and Pat Toomey (R-Pa.) to a 12-member congressional super committee charged with finding $1.5 trillion in deficit reductions.

Congress' 'troubling' super committee picks: 5 talking points

Mitch McConnell and Co. empower several lawmakers to find $1.5 trillion in deficit reductions. Are they destined for a Grand Bargain — or failure?

 
The National Debt : Opinion Brief
"No matter what some agency may say, we've always been and always will be a AAA country," President Obama said Monday.

Should America's AAA credit rating be restored?

President Obama insists the U.S. still has sterling credit, even if S&P rates us just AA+. Either way, the road back to AAA won't be an easy one

 
The National Debt : Forecast
A German investor reacts during early morning trading Monday to America's credit downgrade, which sent markets at home and abroad into a tailspin.

The U.S. credit downgrade: 4 predictions

What does Standard and Poor's controversial decision mean for Wall Street investors, Main Street Americans, and beltway politicians?

 
The National Debt : Opinion Brief
For the first time in history, the U.S. government's credit rating was docked, and some say House Speaker John Boehner and President Obama are to blame.

The U.S. credit downgrade: Who's to blame?

Standard and Poor's strips the federal government of its AAA status, and a fingerpointing epidemic breaks out in Washington

 
The National Debt : World Reactions
President Obama and Congress have not won rave reviews from foreign leaders for their rancorous debate over raising the debt ceiling.

How badly did the debt fight damage America's image abroad?

Foreign observers were horrified by Washington's bungling of a debt-ceiling hike, and Uncle Sam's reputation may never recover

 
The National Debt : Opinion Brief
U.S. Air Force Academy cadets at graduation: The Defense Department's long-term budget may be slashed by another $500 billion dollars, unless the GOP agrees to increases in tax revenue.

The next debt fight: Will the GOP cave on taxes to prevent defense cuts?

When a congressional "super committee" hammers out the debt deal's spending cuts, the Pentagon's budget could be the crux of the drama

 
The National Debt : The Bullpen
David Frum

David Frum: The debt deal's biggest losers

America's commitment to national security — and to our own poor, unemployed, and sick — should be called into question after this puzzling deal

 
The National Debt : Opinion Brief
Senate Minority Leader Mitch McConnell (R-K.Y.) after the Senate passed the debt-ceiling deal Tuesday: Unfortunately, the deal, in large part, is just an agreement to engage in more partisan squabbling.

The debt deal: Who will win Round 2?

Brace yourselves: The bitter battle over exactly how to slash America's massive budget deficits is really just beginning

 
The National Debt : Opinion Brief
A U.S. Army National Guardsman at the U.S.-Mexico border: The U.S. military's budget may be slashed by hundreds of billions of dollars over the next decade.

Debt deal: Is the Pentagon the biggest loser?

The GOP wouldn't bend on taxes, but it made concessions on defense cuts — causing foreign-policy hawks to fret over a potentially weakened military

 
The National Debt : Opinion Brief
A deal to raise the debt ceiling through the 2012 election was signed into law on Tuesday, and House Speaker John Boehner says the final agreement gave him a whopping "98 percent" of what he wanted.

Debt deal: Did Boehner really get '98 percent' of what he wanted?

After weeks of being pummeled and embarrassed by Tea Partiers, the House speaker claims victory for the GOP — and himself

 
The National Debt : Opinion Brief
President Obama's capitulation on the debt deal helped conservative governance make "several extremely consequential strides," says Michael Tomasky at The Daily Beast.

Is the debt deal a disaster for Obama?

Republicans got just about everything they wanted in the debt deal, while President Obama got very little — at least for now

 
The National Debt : Opinion Brief
The New York Stock Exchange opened Monday as news of the debt deal spread: Though the deal will help Washington avert default, it could still spell disaster for the economy.

Will the debt deal actually hurt the economy?

Washington might have figured out how to raise the debt ceiling before the government runs out of money. But will that spare Americans new financial pain?

 
The National Debt : Opinion Brief
In 2005, Allison Janney, starring in "The West Wing," helped explain why the debt ceiling decision is often made at the last minute.

The West Wing's 'witty and wise' debt-ceiling explanation

Aaron Sorkin's acclaimed NBC drama breaks down the concept that's been confounding Congress — in an episode that aired in 2005

 
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