The debt ceiling is becoming all-purpose leverage.
Open the door to the top executives’ suite and you will hear howls of rage over the backlash these revelations have provoked. There is, from the corporate point of view, something a little disingenuous happening here. After all, countries, states and cities have spent the past several decades openly competing to set the lowest corporate tax rates in an effort to attract business. The fact that multinationals would respond to these incentives and turbocharge them with some international tax arbitrage is about as shocking as the discovery of gambling in Casablanca.
If you look at [respondents’] broad socialization as high school students, there were far fewer gender differences than there were once they reached college. So it seems something is happening once they enter college. … It seems like the key intervention at this point really needs to be on those college campuses because they’re more similar before they get there than when they leave.
[I]t’s not an immediate problem.
I’m hopeful we won’t have to deal with the threat of a government shutdown while we’re having to deal with the sequester at the same time.
House speaker John Boehner.
This carefully scripted statement right here? It indicates a government shutdown next month is increasingly likely.
Nobody wins with the budget cuts known as sequestration, which begin tomorrow and amounts to $85b in cuts this year. It:
It’s important to recognize that the sequester was designed to be a really bad idea, equally unpalatable to everybody. Apparently that’s not the case.
“It’s time to cut spending,” said House Speaker John Boehner, during a news conference designed to criticize policy that cuts spending massively and indiscriminately. Raise your hand if you’re confused, too.