Later On

A blog written for those whose interests more or less match mine.

Good points on the debt ceiling

with one comment

James Fallows makes two points that pretty much everyone should know, but are apparently completely unknown to pundits (and Mitch McConnell) and most of the GOP:

1) Raising the debt ceiling does not authorize one single penny in additional public spending.

2) For Congress to “decide whether” to raise the debt ceiling, for programs and tax rates it has already voted into law, makes exactly as much sense as it would for a family to “decide whether” to pay a credit-card bill for goods it has already bought.

Written by LeisureGuy

12 January 2013 at 3:41 pm

Posted in Congress, Media

One Response

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  1. It’s all about the demagoguery (is that a word?) ! The press is complicit in the false equivalency here, and they know they are. But it makes great sound bites. And you have to have something to keep th commercials from bumping into each other. Bitter a little? Oh, yeah!

    bill bush

    12 January 2013 at 4:00 pm

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