Documents tagged "Congressional Republicans"
Found 3 documents with this tag
HOUSE_OVERSIGHT_031159.txt
The document is an email from JPMorgan discussing current events and financial markets. The author reflects on a time when their friend would throw White Castle hamburgers at the TV during news reports that upset him, comparing this behavior to modern media's coverage of debt ceiling negotiations. They argue that it was irresponsible for Reagan-era Republicans to delay raising the debt ceiling then, but similarly irresponsible not to raise concerns about current debt growth levels. The author mentions various plans and proposals related to the US debt ceiling issue.
HOUSE_OVERSIGHT_025221.txt
The document discusses the US debt ceiling negotiations and how they impact large cap growth stocks and rising corporate profits. The writer compares the current situation to a similar discussion in the 1980s when President Reagan scolded Congressional Republicans for delaying debt ceiling increases, which at that time was only half of what it is today relative to GDP or government revenues. The writer argues that while unconstrained debt growth with no plan to slow it is bad, default is also a very bad idea and suggests that debt limit legislation serves as a way for a democracy to decide whether mega-deficits are in the long-term public interest.
HOUSE_OVERSIGHT_025215.txt
In this document, a person discusses the US debt ceiling negotiations, European bailout plans, and how large cap growth stocks are affected by these events. The author compares current debt ceiling discussions to a moment in their past when they were frustrated with news reports on similar issues. They also criticize the argument that raising the debt ceiling is necessary for economic stability.