Thoughts on the Debt Ceiling Drama

Oct. 10, 2013

The political theater continues over fiscal policies.

It seems we and the bond market were right, and the Congress of the US will not allow a crisis to develop over the debt ceiling. I never thought they would as the backlash in next year's election was bound to be severe. So the budget battle will rage and the political theater will continue.

Let's borrow a thought from the GAO and tie the debt ceiling debate to revenue and appropriation bills. That way Congress must continually face the impact of their decisions, and we taxpayers can be continually apprised of the impact of spending, even the cherished pork that comes to our own home states. The additional value is that we can do without the unnecessary drama associated with these votes.

About the Author

Alan Beaulieu Blog | President

One of the country’s most informed economists, Alan Beaulieu is a principal of the ITR Economics where he serves as President. ITR predicts future economic trends with 94.7% accuracy rate and 60 years of correct calls. In his keynotes, Alan delivers clear, comprehensive action plans and tools for capitalizing on business cycle fluctuations and outperforming your competition--whether the economy is moving up, down, or in a recession.

Since 1990, he has been consulting with companies throughout the US, Europe, and Asia on how to forecast, plan, and increase their profits based on business cycle trend analysis. Alan is also the Senior Economic Advisor to NAW, Contributing Editor for INDUSTRYWEEK, and the Chief Economist for HARDI.

Alan is co-author, along with his brother Brian, of the book MAKE YOUR MOVE, and has written numerous articles on economic analysis. He makes up to 150 appearances each year, and his keynotes and seminars have helped thousands of business owners and executives capitalize on emerging trends.

Prior to joining ITR Economics, Alan was a principal in a steel fabrication company and also in a software development company.