Raising the National Debt Ceiling: The Constitution and the Full Faith and Credit of the U.S. Government. Why governments run deficits, and why, until the Republican Party lost its collective mind, raising the U.S. debt ceiling was considered a legitimate — and routine — response to th.e needs of a growing population.
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Loved the new debt ceiling show!!! Lots of facts and numbers. China does not own the U.S. Also it is important (although liberals do this quite often) to remind everyone that Bush spent three times as much as Obama, with unfunded programs and large scale attacks on the Muslim world. Reagan, with his cult-like status among conservatives, doubled the debt in his years in office. The Republicans are not the financially sound ones. We must overcome this deeply embedded myth.