Tag Archives: debt ceiling

Dante Ruffalo Alicia Moritz debt ceiling February 27

WHAT THE DEBT CEILING IS NOT

The debt ceiling DOES NOT CONTROL SPENDING. I put this in caps, not to be impolite, but to correct an egregious mistake the media has allowed certain politicians to propagate. The debt ceiling is an arbitrary limit on the issuance of debt by the Treasury. ¬†When politicians say they won’t raise the debt ceiling because […]

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