The Rise and Fall of Hope and Change

The Rise and Fall of Hope and Change

Alexis de Toqueville

The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money.
Alexis de Tocqueville

The United States Capitol Building

The United States Capitol Building

The Constitutional Convention

The Constitutional Convention

The Continental Congress

The Continental Congress

George Washington at Valley Forge

George Washington at Valley Forge

Friday, March 9, 2012

“A Citizen’s Guide to the Federal Debt Limit Debate”

From Hillsdale College:


First Principles on First Fridays

“A Citizen’s Guide to the Federal Debt Limit Debate”

Veronique de Rugy
Senior Research Fellow, Mercatus Center
July 8, 2011
With debate over the possible increase of the federal debt limit dominating Congress, the question is whether brinksmanship will give way to statesmanship. How should citizens understand this debate, and what constitutional questions are at stake in it?
Veronique de RugyVeronique de Rugy is a senior research fellow at the Mercatus Center. She was previously a resident fellow at the American Enterprise Institute, a policy analyst at the Cato Institute, and a research fellow at the Atlas Economic Research Foundation. She writes a column for Reason magazine and is a regular contributor to The American. She also blogs at The Corner at National Review Online and at Big Government. She earned an M.A. in economics from the University of Paris IX-Dauphine and a Ph.D. in economics from the University of Paris-Sorbonne.

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