Here’s David Stockman on the next showdown in government:

[David Stockman] tells The Daily Ticker the real story is the debt ceiling, and he thinks we’re “finally getting to a defining moment when the truth comes out…if we run out of debt ceiling, the president does have the power to prioritize the inflow of revenue which is still massive coming in.”

And here’s his conclusion:

“The fiscal process doesn’t work. It’s broken and the only way to get the wheels of this thing to stop turning is for a determined minority to grab the bull by the horns. And if they want to call it ‘hostage taking’ they can use that term but why do people think we can keep adding to the national debt?”

Indeed.

-JD Cross

 

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