As much as I cherish my ignorance, I’ve been reading up on some of this debt ceiling stuff. Here are a few links that you don’t need an economics degree to read. I’ll try to add more as I find some good ones.
How we got into this fine mess
Pointing the finger at…well…everyone really.
Who Rules America?
This article is a little more involved, but it’s important. In 2007, the top 20% of the U.S. controlled 93% of the wealth, and the economic downturn of 2008 is estimated to have widened that gap.
The Laffer Curve debunked; Part One
Nice look at the Laffer Curve—the theory we’d all love to believe in—in which the government takes in more revenue as taxes get cut.
Debunking One of the Worst Ideas in Economics
More on the Laffer Curve, in case the previous article didn’t take.