Get ready for more debt ceiling drama

July 30, 2021 | Axios

By Felix Salmon, includes “Brace yourself for another round of unedifying posturing and brinkmanship, all of which should result — after a period of entirely unnecessary fiscal contortion."

Republicans are refusing to raise the debt ceiling. Go figure

July 30, 2021 | The Washington Post

Op-ed by Catherine Rampell, includes “A Democrat is back in the White House. Which means, right on schedule, Republicans are again trying to take the economy hostage — by refusing to raise the U.S. debt limit..."

Use debt ceiling deadline to stop inflationary borrowing spree

July 30, 2021 | RealClear Politics

Op-ed by Steve Cortes, includes “For 25 years, I traded U.S. Treasury debt for financial institutions on Wall Street. For the last 20 years, since 9/11, America has borrowed a staggering amount of money."

Santa Rosa may sell bonds to reduce pension liabilities

July 30, 2021 | Governing

Includes “Santa Rosa, Calif., City Council is considering selling more than $100 million of bonds to raise cash for its growing pension debt, a step that could ease budgeting in years to come..."

POB = Wall Street snake oil

July 30, 2021 | Govern for California

Open letter to elected officials by David Crane, includes “We keep hearing about cities considering a Wall Street proposal to issue debt to fund supplemental pension contributions to city pension funds."

Amid the pension crisis, it’s time for change at PSERS

July 30, 2021 | The Philadelphia Inquirer

Editorial, includes “The PSERS has been having quite a year. Executives with the $67 billion pension fund for Pennsylvania’s public school teachers were found to have stayed in lavish hotels on the agency’s dime."

A not-so-grand infrastructure deal

July 30, 2021 | The Wall Street Journal

Editorial, includes “Senate Republicans, or at least some of them, are taking a victory lap for striking a $1 trillion infrastructure deal with the White House."

Some Treasury bills likely to be shunned as debt ceiling comes back into force

July 30, 2021 | Reuters

By Karen Bretell, includes “U.S. Treasury bills maturing this fall could face liquidity problems tied to a potential government cash crunch."

FBI seized $900,000 from safe deposit box on ‘pure conjecture,’ federal judge says

July 30, 2021 | Reason

By Eric Boehm, includes “Prosecutors seem to have approached the U.S. Private Vaults under the assumption that they can force innocent safe deposit box owners to disclose their identities..."

The great gold robbery of 1933

July 30, 2021 | Mises Institute

By Thomas Woods, includes “… After those two years elapsed, people generally assumed that the Trading with the Enemy Act had passed into desuetude."

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