As White House Talks Falter, Senate Works on Agreement To Raise Debt Limit

JULY 15, 2011

“Late Thursday, McConnell told a radio interviewer that the new debt-reduction panel would “probably be part of the bill” and that it would likely be asked to issue its report by the end of the year.

Given the high stakes, Reid and McConnell were moving quietly. Too much information, Reid said, could “kill” the deal. “It’s best to try to move this down the field very slowly and make sure every step of the way is covered,” he said.” Washington Post

Scream about crisis, push through a big plan, keep all the details quiet (or just skip them). . . . Why does this sound familiar?

FEE Timely Classic

Boom and Bust: Crisis and Response” by Gerald P. O’Driscoll, Jr.
Regulatory Magic” by Sheldon Richman

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