Rather than declare victory, Washington should waste no time in redoubling efforts to remove the multiple policy uncertainties and structural impediments that stand in the way of restoring America on the path of high growth and plentiful job creation.
The existence of a debt ceiling questions the validity of our Republic's debts; it presupposes that Congress will continue to overdraft. A debt ceiling is unconstitutional and its effect a legal nullity.
Millions of Americans were thrown out of work because of forces beyond of their control in 2008. It should be unthinkable for any leader to threaten to intentionally revisit that suffering on more Americans for political gain, and yet that is where we are.
Almost any agreement at a deadline is not a good one, as creativity and information processing plummet. Republicans and Democrats trying to reach a spending agreement are essentially rearranging deck chairs on the Titanic.
Higher interest rates means I can start earning more than the .0005% annual interest that I'm now getting on my savings account, allowing me to afford a few of the finer things in life. Honey, get your pocketbook: we're going to Pizza Hut... in six months.