Raising the Debt Ceiling

I’m concerned that those in Congress who oppose raising the debt ceiling are pulling a political stunt with support from constituents who may not understand the difference between raising the debt limit and raising the national debt in general. A useful outline of the issues at stake can be found at the U.S. Treasury’s website, which counteracts several prevalent myths about this subject. It’s a little stunning that some of the same folks who oppose further debt-raising spending, on the grounds that it defies basic standards of fiscal responsibility, would then wish for the U.S. to default on it’s already-existing obligations. If that isn’t fiscal irresponsibility, I don’t know what is. However, these sentiments seem to be part of the now-entrenched change in Conservative politics, according to which facts may be glibly disregarded and prudence abandoned. My die-hard Republican granddad, who taught me the basics of fiscal conservativism at his knee, would be aghast.

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