World News Insights
1-3 Minute Gist
Search, personalize, or simply browse. Follow the world around you from gist and context to insights.
Who we are | Our Credo | Ways of using Lyrarc | FAQ | Send Feedback | First Letter From the Editor
Sign up. It's free and easy to use
Create an account
to personalize your feed of articles and topics.
All Topics Article
Opinion | A Few Ways Out of the Debt Ceiling Mess
Paul Krugman in NYT outlines the options president Biden faces if Republicans decide not to increase the debt ceiling in the House of Representatives. All the alternatives are better than defaulting on the national debt. All options also create some short term volatility in financial markets before things stabilize.
Biden and Democrats refuse to allow a repeat of negotiations of the kind Mr. Obama made with Republicans on the debt ceiling. The cuts a small faction in the Republican party is asking for come from spending that has already been approved by the House. It is also spending that meets the needs of the American people during a cost of living crisis, and for national priorities in fighting climate change, health and defense. Krugman also points out that cuts to welfare spending won't put more people to work as the unemployment rate is at a new low, and the theory behind it in this situation only deprives the neediest from getting help during a cost of living crisis.
How Biden is tackling the Debt Ceiling to keep much needed spending on workers and families in America
05/19/2023
The debt ceiling standoff with a small faction in the Republican party calling for cuts in spending where it is needed for workers and families in America. In the US system even though spending is approved a debt ceiling can be passed that limits overall spending requiring another approval if the ceiling is exceeded for approved spending. In the past this was negotiated. Today this faction in the Republican party is calling for large cuts in the very areas that were neglected in the past and which urgently need funding leading to Biden's response. Infrastructure, renewable energy, education, healthcare, public services, workers and families were neglected and now need strong backing.
Grouped Articles
Democrats Launch Discharge Petition, Aiming to Force Debt-Ceiling Vote
WSJ 05/17/2023
Opinion | How Biden Blew It on the Debt Ceiling
NYTimes.com 05/17/2023
Opinion | A Few Ways Out of the Debt Ceiling Mess
NYTimes.com 05/09/2023
Biden Woos Republican Moderates in Debt Ceiling Standoff
NYTimes.com 05/11/2023
Opinion | Are Republicans Willing to Raise the Debt Ceiling?
NYTimes.com 05/09/2023
Is the Debt Limit Constitutional? Biden Aides Are Debating It.
NYTimes.com 05/03/2023
We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.
Support Lyrarc from as small as $1
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us