The Debt Ceiling: Who's Holding Whom Hostage?

The big question about the federal government's little debt problem can be boiled down to this: How much time do we have?  Some say the problem is years away; others contend the problem is imminent but manageable; and another group believes the problem is already upon us and requires immediate action necessitating painful spending cuts.The group that believes America's fiscal problems are far off in the future is large and diverse.  The core of this group is the Democratic Party, the very people who gave America our current trillion-dollar deficits.  A smaller cohort of this group consists of those who simply don't care about America's solvency and some who even want to replace our economic system, such as Marxist filmmaker Michael Moore who delivered a speech in Wisconsin asserting that "America is not broke." Moore's assertion is too ludicrous to spend any time refuting -- but it is made even by certain "intellectuals" on the left.  In his...(Read Full Article)

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