As the dust settles on the intense debate over U.S. debt, there seems to have been some sort of fiscal timeout.   The debt ceiling was raised under the ridiculously named Budget Control Act of 2011, the president is taking a vacation and the talk is of the football season.  Is all well again?  One of the problems with the fiscal malaise is that it is reported in waves, according dates…

Congressional parleys over raising the United States $14.3 trillion debt ceiling have starkly illuminated the different positions of Republican and Democrats, giving voters a clear choice in elections next year. From 2008, Democrats were able to dictate the direction of economic policy because they controlled the White House and Congress.  Their philosophy was to borrow vast quantities of money to stimulate the economy, generate growth and create jobs.  At the…