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March 22, 2006
On federal deficits and debt ceilings
Clear Thinkers favorite James Hamilton points out in this post the seemingly non-partisan point that it is hypocritical for politicians in Washington to vote, on one hand, for spending and tax measures that generate the federal deficit while voting, on the other hand, against an increase in the debt ceiling necessary to service the deficit.
Then, commentators to Professor Hamilton's post promptly take his non-partisan point and turn it into a partisan issue.
Hilarity ensues.
Posted by Tom at March 22, 2006 05:28 AM
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