Paying Bills with Borrowed MoneyJanuary 22, 2013 @ 1:30 pm
The president says that blocking an increase in the debt ceiling is like refusing to pay for a restaurant meal after you've eaten it. Actually, it's more like taking away a teenager's credit card after he's shown he has no real intention of even paying down the bills he already placed on the account. No one wants economic turbulence or potential default, but linking debt ceiling increases to sweeping spending cuts is both appropriate and necessary.
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