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July 5 2011

The Sound and the Fury: Debt Limit Edition

Nicole Kurokawa Neily

Obviously, the debt limit is on everyone’s minds (check out Carrie’s great Townhall.com piece today!) While some say that we face fiscal armageddon if we don’t raise the limit… while others have said that it’s not that big of a deal. 

Fortunately, the brilliant minds at George Mason University’s Mercatus Center have come up with a handy two-pager (well, three pages with footnotes) on the debt limit debate that cuts through the sound and the fury. It’s a quick read, and well worth it. 

Long story short: there are a number of steps that can (and should) be taken before raising the limit on the federal credit card. At the end of the day, we’re spending more than we’re taking in – and we’re going to have to pay that balance one way or another.

IIndependent Women's Forum is an educational 501(c)(3) dedicated to developing and advancing policies that aren’t just well intended, but actually enhance people’s freedom, choices, and opportunities. IWF is the sister organization of the Independent Women’s Voice.​
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