Budget Control Act of 2011: President Obama Submits Certification for $400 Billion Debt-Limit Increase

The manufactured crisis has immediately faded away given the serious consequences of the “super Congress” that is ahead. In reading the bill, I can foresee that the President and Congress will have many more “crisis” moments before the end of the year.

But, alas, the President upon signing the “Budget Control Act” into law, submitted a certification as required (Budget Control Act, section 301(a)(2)).

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