Financial Transparency Coalition

This week, barring some extraordinary unforeseen circumstance, the U.S. House of Representatives will vote to reject President Obama’s request to raise the debt ceiling. “Oh no,” I can already hear America’s collective sigh. “Are you kidding me? Again?” Well, actually, not again. In case you need a reminder of the horrific events of last August (I certainly don’t want one), in what should have been a routine vote, Congress nearly failed to raise the debt ceiling, which would have sparked an economic Armageddon. I do not use that term lightly. Just in case you need another reminder, the debt ceiling has nothing...