Stop Raising the Debt Ceiling

Rep. Ron Paul (R-TX)

5/23/2011

The federal government once again has reached the limit of its legal ability to borrow money, meaning it cannot issue new Treasury debt without action by Congress to increase the debt ceiling limit.  As of this month, our “official” national debt- which doesn’t include the staggering future payments promised to Social Security and Medicare beneficiaries- stands at $14.2 trillion.

And now… the rest of the story. …..

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