The whole “dept ceiling” nonsense in two sentences.
The entire “debt ceiling” brouhaha in two sentences:
1) Raising the debt ceiling does not authorize one single penny in additional public spending.
Â 2) For Congress to “decide whether” to raise the debt ceiling, for programs and tax rates it has already voted into law, makes exactly as much sense as it would for a family to “decide whether” to pay a credit-card bill for goods it has already bought.
Any reporter who doesn’t get those two basic facts into any story about the debt ceiling should be replaced with someone competent to do the job.