Fiscal Ultimatum Fatigue →
During the last several years the American people have become increasingly familiar with this kind of government blackmail, where the politicians tell us that if they cannot make a deal, one kind of fiscal calamity or another will hit the country. Congress seems to no longer debate spending or propose budgets, but rather they lurch from one spending related crisis to another, each with more dire consequences. Debt ceilings, defaults and sequesters have replaced rational, or even irrational, discourse about how to raise and spend that revenue.