The Debt Ceiling Is Actually Not the Issue

Frank Salvato

7/29/2011

As we tick-tock toward August 2nd, the day President Obama and Treasury Secretary Tim Geithner have set as the day the Executive Branch will have to start prioritizing expenditures – establishing what programs are covered exclusively by actual tax revenue and not borrowed money, we approach an artificial deadline for a secondary issue created by a much more systemic national malady. Where the news media and elected officials argue, whine and mislead on the issue of raising the federal debt limit ceiling, the debt ceiling isn’t even close to the issue that all inside the beltway, but for the TEA Party, are refusing to address seriously: OVERSPENDING.

And now… the rest of the story. …..

Advertisement