The Case for Moderate Pessimism on the Debt Ceiling

In his characteristically excellent inaugural column for the Washington Post this week, Ramesh argues for worrying about this Congress breaching the debt ceiling, at least briefly, and expresses some perplexity at the widespread complaisance about that prospect. Josh Barro responds with a serious and intelligent case for complaisance. Fred Bauer, at City Journal, offers another very thoughtful case for relative optimism — or at least for imagining how a breach could be avoided.