Monday, January 27, 2014

Explaining the Debt Ceiling for Dummies – The Republican Edition

www.forwardprogressives.com/explaining-the-debt-ceiling-for-dummies-the-republican-edition/
"This is something every single Republican in Congress knows. So when they sit there and repeat their worn out propaganda (which is exactly what it is – blatant propaganda) about raising the debt ceiling is tantamount to “giving the president a blank check,” they’re flat-out lying.
The debt ceiling is simply a procedural vote that allows the United States government to pay money that it’s already agreed to pay.
Also known as money we’ve already approved to spend in various spending bills passed by Congress. Again, it has nothing to do with new spending."