Throw out everything you think you know about the debt ceiling, government spending, the "full faith and credit of the United States," and other such terms being thrown about in the current debate between Obama and the Democrats on one side, and Republicans and libertarians on the other.
More than likely, unless you are fully informed because you follow these matters very closely, everything you assume about such issues is false.
The things Obama is telling you are false. The things Senate Democrats are telling you are false. And the things being told to you by many Republicans of the elitist leadership establishment are false.
Even the economists who appear night after night on television news shows are peddling lies. Truthful and honorable economists who are honest and trustworthy are out there, but they are not the ones being paraded out before the public on a daily basis to parrot the Administration's propaganda.
The bottom line, the simple fact that nobody is telling, is that the so-called debt ceiling does not need to be raised...
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