Reporting On the Debt Ceiling
Friday, July 15, 2011
With the press’s coverage of the drama surrounding the debt ceiling debate in Washington, much of the public misunderstands the underlying economic realities of the situation. While the usual political fights are playing out in Washington, a growing number of economists, corporate CEOs and those on Wall Street maintain that the solution lies in a combination of spending cuts and tax increases. According to the U.S. News and World Report’s Rick Newman, real economics information is out there – but only if you’re willing to find it.