As Congress works to reach a deal to raise the debt ceiling, at least two members of the Kansas delegation aren’t worry about missing the Tuesday deadline. Rep. Mike Pompeo, R-Wichita, told The Eagle editorial board that there is “nothing magic about Oct. 17.” He argues that the Treasury will still have enough money to pay its securities and there is no risk of default. Rep. Tim Huelskamp, R-Fowler, has argued that there wouldn’t be problems until Oct. 31 or Nov. 15. But Wall Street CEOs respond that the market will react the same – badly – whether the government defaults on bond payments or doesn’t pay other bills. Daniel Larison of the American Conservative wrote that debt-ceiling deniers seem to have “no sense of prudence or consideration of unintended consequences,” and he questioned their competence. “If this is how they approach the most basic responsibilities of governing,” he wrote, “why are voters going to trust them to implement their larger policy agenda?”
Registered?Commenting on WE Blog now requires you to be a Kansas.com member. Use the links above to register, if you haven't already, or to log in.
Do you tweet? Follow us on Twitter: @WE_Tweet.