#POTUS: Woodrow Wilson, Congress and the origins of the Debt Ceiling, 1917. John Tamny, RealClearMarkets.com
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 17 May 2023
⏱️ 9 minutes
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@Batchelorshow
1941
#POTUS: Woodrow Wilson, Congress and the origins of the Debt Ceiling, 1917. John Tamny, RealClearMarkets.com
https://www.realclearmarkets.com/articles/2023/05/16/the_debt_ceiling_is_a_total_non-story_but_what_led_to_it_isnt_899253.html
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| 0:30.0 | This is CBS, I'm the World, I'm John Bachelors. |
| 0:38.2 | The debt ceiling debate, much talk in Washington. |
| 0:41.0 | The Wall Street Journal reports negotiators appeared far from an agreement |
| 0:45.1 | with progressive Democrats signaling opposition to several proposals |
| 0:49.4 | and Republicans demanding new work requirements for beneficiaries of government programs. |
| 0:55.3 | A standoff in Washington. |
| 0:57.8 | And we begin the story of the debt ceiling in 1917. |
| 1:02.2 | Thanks to John Tamney, the editor of real-clarer markets who points me |
| 1:05.9 | to the beginning of this. |
| 1:07.8 | Woodrow Wilson is in the White House. |
| 1:09.9 | It is February 1, 1917. |
| 1:13.3 | The declaration by the Kaiser and the German General Staff |
| 1:17.1 | is that unrestricted submarine warfare will begin again immediately. |
... |
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