Monday, October 26, 2015
There are eight days to go before the borrowing authority of the US Treasury runs out. The Secretary of the Treasury has sounded an alarm, but Congress is busy. For one, the House has to elect a new Speaker. There is a good chance that authorization will pass in the nick of time but House radicals want to use it for public relations purposes and to condemn the indebtedness of the country. There is a time to protest and a time to get along. This is a time to act rather than holding the country hostage. What isn't clear is whether the radicals understand that. In an attempt to make a statement, House conservatives might be shooting themselves in the public's perception -- an example of negative PR.