US Debt Crisis

Debt Ceiling Crisis 2.0

This article was written by a comrade in North America in the midst of the US federal government shutdown and debt ceiling crisis. While the immediate crisis has now passed with another temporary deal to kick the can down the road, the underlying tensions remain, virtually ensuring that the US political system will suffer further convulsions in the period ahead.

U.S. Debt Ceiling Crisis: Political Wrangling While the Global Economy Burns

Throughout the month of July and into the early days of August, the bourgeois media inundated us with discussion and analysis of a veritable existential crisis for the entire global capitalist system, should the U.S. political class fail to resolve its differences and agree to an extension of the legal limit the U.S. government is allowed to borrow.

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