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Failing To Raise The Debt Ceiling Doesn’t Reduce Government
Many grassroots conservatives and Republican congressmen are under the misapprehension that raising the debt ceiling increases government spending or failing to raise it decreases spending. Neither is true. No one seems to know what will happen if the debt ceiling isn’t raised. There are two kinds of government spending—mandatory,which is Social Security, Medicare and Medicaid, and discretionary. Neither of them will be cut by a refusal to hike the debt ceiling…Read More
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