How Congressional Republicans and Fox News Displayed their Profound Debt Ceiling Ignorance | NationofChange

It takes a certain amount of ignorance to even be a Republican:

“The debt limit does not control or limit the ability of the federal government to run deficits or incur obligations. Rather, it is a limit on the ability to pay obligations already incurred.” The President does not have discretionary control over how much the country borrows. Obama’s new proposal gives him no such control. It would merely make hikes in the ceiling automatic, in accordance with the debt necessitated by budgets Congress has already passed.

How Congressional Republicans and Fox News Displayed their Profound Debt Ceiling Ignorance | NationofChange.

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