The Next "Crisis": The Debt Ceiling

Published: 29/05/2017
The Next "Crisis": The Debt Ceiling
Source: WWW.CATO.ORG

Sometime in the next 30 to 60 days the federal government will reach the legal limit on its ability to borrow, setting up the next potential budget crisis in Washington. Unfortunately, much of what we are being told about the debt limit and the upcoming fight is simply untrue. Cato scholar Michael D. Tanner argues that while failure to raise the debt limit would not be a good thing, worse would be

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