Debt Deal: On! Off! Something!

The “grand deal” on the U.S. debt ceiling is apparently off (again), and it’s all happened so fast that the Wall Street Journal is tripping over itself with contradictory headlines. Check below:



  1. So Crates says:

    Almost irrelevant, really. Our economic woes have next to nothing to do with the standard business cycle, and everything to do with the nature of work in an automated, digitalized, globally competitive, post-industrial society. We've reached the point where anyone with an IQ less than 115 (a standard deviation above the mean) is incapable of doing anything that someone will be willing to pay good money for.

    And that covers about 84% of the population.

    I just don't know how you run a representative democracy under those conditions.