SOUDER: The debt-ceiling debate: Economics according to J. Wellington Wimpy

As I was researching today’s column concerning the ongoing debt-ceiling “crisis” in our country, I came across an item that really got my attention. Late Monday evening, Congressional leaders from both parties got together and issued a rare joint statement, as quoted in a front page story in the New York Times: “We, as leaders of Congress, wish to calm the escalating fears regarding any potential default on our debt and assure our creditors that we will gladly pay you Tuesday for a hamburger today.”

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