National

The Truth about the Debt Ceiling and Default


As we have been approaching the $14.3 trillion statutory limit to federal borrowing, I and many of my colleagues have insisted on real spending reforms now as part of any agreement to allow still more government borrowing. Unfortunately, the administration has insisted instead that we should simply raise the debt limit unconditionally.  Read Sen. Pat Toomey’s article at RealClearPolitics.com

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