Don’t count on debt limit deal to restart sustained high economic growth

Nothing being leaked from the negotiations suggests that the comfortable world of federal employees and check recipients is about the change in four weeks. There are no leaks about immediate massive layoffs, asset sales, service cuts or employee or entitlement benefits reductions. Unlike many state and local governments and many European governments, Washington has not accepted that creditors and taxpayers can force it to live within its means. Most of the energy expended in the negotiations is

Read More Construction ...