Why the debt ceiling absolutely, positively, will be raised
In just 58 seconds, an economist makes an ironclad argument for expanding the government's authority to borrow
May 20, 2011 10:27PM (UTC)
Economist Douglas Holtz-Eakin skews to the conservative side of the political spectrum, but in just under one minute he makes an awfully compelling case for why only complete imbeciles think that simply not raising the debt ceiling is a legitimate scenario. Next time you hear someone argue that the U.S. government can default on its debt without consequences, point them to this:
COMPLETELY AD FREE, FOR THE NEXT HOUR Read Now, Pay Later - no upfront
registration for 1-Hour Access Click Here
7-Day Access and Monthly
Subscriptions also available No tracking or personal data collection
beyond name and email address
What's behind the AOC-Pelosi feud?
"Game of Thrones" end was nearly perfect
It's a White Claw summer, like it or not
Stranger Things 3: A good cop goes toxic
Trump isn’t a president, he’s a gangster
Deadbeat Don: Trump stiffs many cities
Is Joe Biden the new Hillary?
Why won't Mitch protect the election?
Copyright © 2018 Salon Media Group, Inc. Reproduction of material from any Salon pages without written
permission is strictly prohibited. SALON ® is registered in the U.S. Patent and Trademark Office as a
trademark of Salon Media Group Inc. Associated Press articles: Copyright © 2016 The Associated Press. All
rights reserved. This material may not be published, broadcast, rewritten or redistributed.