Debt Talks Don't Need an Ambitious Solution

If the debt talks produce only (i) an increase in the debt ceiling and (ii) a framework for cutting federal spending over the medium term - well, there are worse ways to resolve the crisis. If the debt talks produce only (i) an increase in the debt ceiling and (ii) a framework for cutting …

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Written by David Frum on Monday July 11, 2011

The Real Debt Debate Sticking Point?

Politico insinuates that a big sticking point for the GOP in the debt-ceiling negotiations is a demand that the earnings of hedge funds continue to be taxed at the 15% capital-gains rate rather than income-tax rates. Politico insinuates this morning that a big sticking point for the GOP in the …

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Written by David Frum on Wednesday July 6, 2011

Obama Calls for Lopsided Negotiations

President Obama has summoned Republicans to another round of negotiations over the debt ceiling. And now President Obama has summoned Republicans to another round of negotiations over the debt ceiling. Perhaps he will there deploy some previously invisible form of leverage. To the …

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Written by David Frum on Tuesday July 5, 2011