Follow The Yellow Brick Road – US Debt Limit Revision

Welcome to Oz! While it is nothing new, now more than ever it seems the United States government is making a sport of changing the rules of the game while it is in play. This week, the revision of the United States debt ceiling serves as the primary example. Perhaps it is simply the widespread news media coverage, but for once it seems that the American public is paying attention and even scrutinizing the decisions being made by our elected officials. One has to question the character of legislators deciding to revise rules and policies when it is convenient. In the case of the debt ceiling revision, changing the rules serves to delay an inevitable economic fate while saving face for those officials facing re-election. The hyper-dramatic tone employed by the Washington elected elite when cautioning the public about the cataclysmic result of not raising the debt limit was deceptive. Download here