Boom or Doom: The Truth about the Debt Ceiling Debate
May 12, 2011 at 08:02 AM EDT
Let the fear-mongering begin. The debt ceiling debate has been positioned as a lose/lose situation. Some claim a failure to increase the debt ceiling will lead to near-term financial Armageddon. They say the U.S. government can’t cut spending now. Deep cuts would kill the economic recovery. Others predict increasing the debt ceiling will show . . . → Read More: Boom or Doom: The Truth about the Debt Ceiling Debate