There is no easy escape from America’s debt-ceiling mess

There is no easy escape from America’s debt-ceiling mess

Defaulting is unthinkable, but the “workarounds” to avoid default bring their own dangers

✒ Pick your poison:

(1) #MintTheCoin;

(2) Ultra-high-interest bonds;

(3) In defiance of the debt ceiling in a legalistic way (the validity of American public debt “shall not be questioned”).