July 25, 2011
Topics: US debt ceiling negotiations, a more ambitious European bailout plan (finally), and how large cap growth stocks
and rising corporate profits are patiently waiting for both of them to end
White Castle. Twenty five years ago, I had a friend with a peculiar way of responding to seeing things he didn’t like on TV: he
would throw White Castle hamburgers at the screen. I always thought this was a bad way to waste a good hamburger, but I had
one of those moments the other night when watching news reports on debt ceiling discussions. Media outlets have referred to
President Reagan’s scolding of Congressional Republicans for delaying debt ceiling increases, and the 18 increases that took
place during his Presidency. The implication: reservations about raising the debt ceiling are as irresponsible now as they were
Source: House Oversight Committee release, November 2025