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Monday, May 15, 2023

Not Paying Attention 

 Americans are apparently not paying attention to the looming debt crisis.  There is no deluge of phone calls, emails and letters to Congress.  The public has chosen to sit this one out.  Wall Street is calm. Corporate America is side-stepping the issue.  The general feeling is that the problem will be resolved before the US can no longer pay its bills.  Should the White House worry about this lack of urgency?  Yes.  It needs the public to put pressure on Congress to get a bill Biden will accept.  Or, Biden will need to negotiate with the House rather than accept only a clean bill raising the limit.  The two sides are playing with fire and threatening to set off a conflagration.  It's ugly and shouldn't have occurred in the first place.  


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