Related Content: 2011

2011 Debt Ceiling Debate

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As the government shutdown continues, the next fiscal crisis is already on the horizon. The Treasury says the U.S. will default on its loans on Oct. 17 unless Congress agrees to raise the debt ceiling, but House Republicans will not allow the debt ceiling to be raised without some concessions. During last fight to raise the debt ceiling in 2011, a deal was reached just 2 days before U.S. borrowing authority lapsed. The deal included significant cuts in spending, but the cantankerous debate resulted in the first-ever downgrade of the U.S. credit rating.

Oops! That Was the Year that Wasn't

On The Radar

A year ago, soon after the Tunisian uprising, I demonstrated my powers of prediction in a column about the democracy movement in the Arab world. The revolution in Tunisia, I wrote, "arose from local circumstances that don't foretell what will happen anywhere else." Three weeks later, Egypt's Hosni Mubarak fell, and the Arab Spring was in full bloom. This brings me to the subject of today's column: A confession of my year's errors and omissions (along with a mention of one or two things I got right).