Tag: spending cuts
The End of German Exceptionalism
Asked what came to her mind when thinking about Germany, former Chancellor Angela Merkel once said, “I think of airtight windows. No other country can build as airtight and as beautiful windows.”
With its history tainted, post-1945 Germany looked to its economy for a positive conception of itself. The goods Germany produced, such as those quality windows, allowed politicians to celebrate the country as an “export world champion.” Germany Inc., was a well-oiled capitalist-corporatist ensemble. Trade-union leaders and CEOs
The Logic Behind Biden’s Refusal to Negotiate the Debt-Ceiling
President Joe Biden has already made the most important domestic-policy decision he’ll likely face this year. Biden and his top advisers have repeatedly indicated that they will reject demands from the new GOP majority in the House of Representatives to link increasing the debt ceiling with cutting federal spending. Instead, Biden is insisting that Congress pass a clean debt-ceiling increase, with no conditions attached.
Biden’s refusal to negotiate with