September 16, 2014

Democrats Unlikely to Pass Spending Plan in Face of Deficits

May 15, 2010
Bloomberg Businessweek

Excerpt

“Failure to adopt a budget resolution when fiscal resolution is needed most would send the worst possible signal,” said Bob Bixby, head of the Washington-based Concord Coalition. “It would say to investors in Treasury securities, foreign and domestic, that the federal government is still in denial about its fiscal problems and has no plan to address the situation anytime soon.”