On Debt Ceiling, Congress Defers Tough Decisions
4,328 views · Published 2 August 2011 · 2:15 · Indexed 20 September 2026
Channel: The Cato Institute · 2011 · News & Politics
http://www.cato.org/debtceiling This week's bipartisan deal to raise the debt limit and achieve some spending reductions will do little in the way of actual spending cuts, defers all the tough decisions on spending and debt to a "SuperCongress" committee and will do little to protect the United States credit rating. Cato Institute Senior Fellows Dan Mitchell and Jagadeesh Gokhale and Director of Tax Policy Studies Chris Edwards comment on the debt deal. Video produced by Caleb O. Brown and Austin Bragg.
