After weeks and months of fierce debate, national debt limit was raised today when President Obama signed the bill agreed to by the House and Senate. There are a range of opinions among conservatives as to whether this was a wise agreement (and perhaps even greater angst among liberals).
My take is that it is far from perfect but that we have begun to "turn the tanker" around to a more sensible direction, even as some of the crew and the captain are resisting the turn. The need is to pick up more crew members and a captain willing to make the turn in November 2012.
Meanwhile, regardless of the debt limit deal, today's stock market tumble indicates serious problems with the economy. Challenging times ahead.