democrats - Economics Students Society of Australia

democrats

A collection of 3 posts

The US government shutdown - any end in sight?

The US government shutdown - any end in sight?

What a joke. Really, there isn’t anything else that can be said about the latest fiscal crisis in the United States. With the federal government shutting down most operations on the 1st of October, as the House of Representatives (controlled by the Republicans) and the Senate (controlled by the

U.S. debt ceiling under scrutiny

U.S. debt ceiling under scrutiny

“I have a more fundamental question. Why do we have a debt limit in the first place?” More than two years have elapsed since former Chairman of the Federal Reserve, Alan Greenspan, expressed this sentiment – and it is still a question that begs answering. U.S. Treasury Secretary, Jack Lew,

Permanent Crises, Bitter Politics and Weak Policy - The New Reality of US Budgets

Permanent Crises, Bitter Politics and Weak Policy - The New Reality of US Budgets

When President Barack Obama came into office in 2009, it was under a wave of optimism and hope for a more conciliatory, robust and bipartisan policymaking process between Democrats and Republicans. The country was in crisis at the time of Obama’s election, and there was the expectation that out