How sane people would tackle the debt-ceiling crisis

Published on Oct 14, 2013 | Updated on Jun 5, 2014

If lawmakers decided they were actually in no shape to drive and handed the car keys to Bill McBride, the respected economics blogger, here’s what he says he — and many other analysts and economists — would do.

  • Eliminate the “superfluous” debt ceiling. Congress has already approved the expenditures that require us to borrow.
  • Pass a continuing resolution to head off the impacts of the sequester.
  • Do something about health care. Not a problem yet — as the economy improves, the deficit will not be a problem in the short term — but adjustments to spending and revenue will be needed to make it through the long term.

Source: calculatedriskblog.com

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