Texas Tech University

The Oh-So-Familiar Debt Ceiling Dance

Daily Caller

November 4, 2015

Daily Caller - The eleventh-hour budget deal negotiated by Congress and the White House late last month may have ended the specter of a new government shutdown to the benefit and relief of the political establishment, but it didn’t resolve America’s debt crisis. It only delays the day of reckoning and, in the long run, will make matters worse, as the current $18.1 trillion debt ceiling is increased still again.

Robert P. Murphy is a research assistant professor with the Free Market Institute at Texas Tech University, a research fellow with the Independent Institute, Oakland, Calif., and the author, most recently, of  "Choice: Cooperation, Enterprise, and Human Action" (2015, Independent Institute)

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