Obama embraces the 'McConnell provision,' but McConnell doesn't

My post Saturday calling for an end to the debt ceiling drew quite a few comments from seething readers who thought I was calling for Washington to pile on an endless amount of debt. Just to be clear, my point isn't that the nation's enormous and growing debt is a good thing. It's that Congress,which controls the federal purse, has better ways to rein in its borrowing than stiffing its creditors.

By Jon Healey

December 10, 2012