From Washington to the Middle East, Should the World Brace for March 15?

The Paradise Post - REAL World News From Taiwan

The MacMillan Dictionary defines a “perfect storm” as “a very unpleasant situation in which several bad things happen at once.” Trying to predict the future is one of the easiest ways to end up with egg on one’s face. However, enough matters will converge on March 15 that I think prudence commends our at least being aware of them.

 Federal debt ceiling deadline. Recently the following comments from David Stockman, who was Ronald Reagan’s Director of the Office of Management and Budget, caught my attention:

I think what people are missing is this date, March 15th, 2017. That’s the day that this debt ceiling holiday that Obama and Boehner put together right before the last election in October of 2015. That holiday expires. The debt ceiling will freeze in at $20 trillion. It will then be law. It will be a hard stop. The Treasury will have…

View original post 995 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s