Roundup Reel: Week of July 18

July 22, 2011 | By Liza Casabona | Post a Comment

The debt ceiling debate has been a fast-moving target for the last several weeks, with life seemingly breathed into a different proposal every day as the clock inexorably ticks down. Today marks the deadline the president has identified for the negotiations to conclude, but there are still two weeks until the government default becomes a reality according to the Treasury Department.

It’s anyone guess when or how this tangle will unravel, but in the meantime, here are a couple pieces from this week that looked at its potential impact on states, municipalities and the nation as a whole, a few pieces critical of the process and a few fluffier items to distract you in the meantime.

  • Great piece on ThinkProgress.org about how local governments and states will be impacted if the government runs into the debt ceiling.
  • Here’s another post on the same site by Matt Yglesias with some data about the federal funds given to each state, showing how much a default by the federal government could potentially impact things at the state level.
  • Treasury Secretary Tim Geithner and other Dems weren’t pulling any punches this week with warnings about the dire consequences of the U.S. defaulting on its debt next month, with Geithner invoking the phrase “lights out.”
  • Obama popped into the press room a few times this week to lay out his points regarding the debt limit talks, check out the clips at 0:30 and 3:19 specifically.If you can see this, then you might need a Flash Player upgrade or you need to install Flash Player if it's missing. Get Flash Player from Adobe.
  • Not everyone agrees on how the debate will or should play out. The Cato Institute weighed in with a piece for The Daily Caller this week critical of some of the proposed solutions for lacking the right tools to achieve responsible, long-term economic stewardship.
  • The American Enterprise Institute published a piece wondering what impact some of the proposed cuts in the debt ceiling packages could have on national security.
  • Nonprofit Quarterly talked about potential impacts for nonprofits.

Debt doldrums got you down? Looking for a way to fill the hours while you wait to hear if the Democrats and Republicans manage to broker a deal? Daydreaming about how you’d tackle the issues if you had the chance?  You can actually try your hand at it; American Public Media used data from the nonpartisan Congressional Budget Office to build the interactive game Budget Hero 2.0.

And on the educational and kid-friendly end of the spectrum iCivics People’s Pie also gives players a chance to levy taxes and cut spending according to personal priorities, with the added challenge of keeping a hypothetical voter base happy. Warning: it’s not as easy as you might think to stick to priorities and maintain reasonable debt levels.

 

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