U.S. To Hit Debt Ceiling Sooner Than Thought, Brace Yourselves (Video)
By Josey Wales
Sunday, January 26, 2014
More political theater, On February 7 the United States will once again reach its statutory debt limit, meaning it cannot legally borrow any more money.
Since the obvious option of cutting spending to match the amount of revenue that the government collects is off the table for some inexplicable reason, Congress will have to pass a new, higher debt ceiling to replace current law.
Just understand that the two weeks until the deadline we should be prepared for all sorts of lies, threats, and forecasts of doom if the debt ceiling is not increased.