Payroll Tax Deal Pushes U.S. Closer to Debt Ceiling

Worth Clicking: Blasts from the past wound Romney

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February 19, 2012

Payroll Tax Deal Pushes U.S. Closer to Debt Ceiling

The payroll tax extension that Congress passed last week "accelerated the timeline for another battle over the debt ceiling," The Hill reports.

"The debt-ceiling agreement lawmakers approved in August established a cooling-off period, with enough borrowing to see the country through until after the November election. But a sequel to the debt-ceiling drama could be coming to Washington sooner than planned, thanks to the billions of dollars in deficit spending in the payroll tax agreement."

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Taegan D. Goddard is the founder of Political Wire, one of the earliest and most influential political web sites.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country, including the Washington Post, USA Today, Boston Globe, San Francisco Chronicle, Chicago Tribune, Philadelphia Inquirer and Christian Science Monitor.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

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February 19, 2012