That pesky debt ceiling

Posted by: Phineas on February 12, 2011 at 2:01 pm

**Posted by Phineas

One of the big arguments coming up in Congress over the next few weeks is the question of raising the federal debt ceiling, the amount of money the United States can legally owe. And it’s not just an abstract question: failure to raise the limit could (maybe, possibly) lead to a default on our debt, with horrific consequences — were it to happen. But will it? Would it be so bad the ceiling were not raised? Is this another manufactured crisis meant to bull-rush us into a bad decision?

In this episode of PJTV’s Trifecta, Bill Whittle, Scott Ott, and Stephen Green chew over America’s debt problem and how best to deal with it:

(Crossposted at Public Secrets)

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One Response to “That pesky debt ceiling”

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  1. Lorica says:

    There is no doubt that when the Dems in congress look at our 14 trillion dollor GDP, that they think it is unfair that the poor government should only get about 20% of that. How these people can’t get by with just 2.8 trillion is beyond me. The real problem being, once these guys get 4,000,000,000,000.00, they will want 5. – Lorica