If you believe the headlines, the world narrowly avoided a disaster when Congress agreed to raise the limit on the nation’s indebtedness at the eleventh hour. In his victory-lap speech, President Biden assured us that “The stakes couldn’t have been higher.”
As someone who studies consumer behaviors and preferences for the retail industry, when the deal was struck, and a near miss with apocalypse declared, I couldn’t help thinking, Really? Among the 431 House members who cast a vote, it was a landslide — 73% voted yes. The same thing happened in the Senate — 63 in favor versus 36 against.
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