Do you remember where you were when last year's debt deal
was sealed? Few people remember the exact date of the debt
ceiling deal made last summer or where they were; I happen to know
the date and where I was because it was August 2nd,
which is my birthday. My husband says I get better with age
– consensus is that the debt deal does not. Nothing
much usually happens in August; there are no federal holidays, lots
of people go away on their summer vacations, and generally things
in Washington are very quiet. Well, last August 2nd, the
nation's – and some say the world's –
economy came to the brink and was saved (at least temporarily) due
to the bipartisan deal on the debt ceiling, formally known as The
Budget Control Act of 2011.
