The Next “Crisis”: The Debt Ceiling

Sometime in the next 30 to 60 days the federal government will reach the legal limit on its ability to borrow, setting up the next potential budget crisis in Washington.  Unfortunately, says Cato scholar Michael D. Tanner, much of what we are being told about the debt limit and the upcoming fight is simply untrue. Tanner argues that while failing to raise the debt limit would not be a good thing, even worse would be failing to take meaningful action to reduce the debt, federal spending, and the growth of government.

• "The Overrated Debt Ceiling," by Michael D. Tanner
• "Do the American People Agree with Obama?," by David Boaz
• "Boehner's Bogus Debt Ceiling Line in the Sand," by Tad DeHaven
• "Should U.S. Fiscal Policy Address Slow Growth or the Debt? A Nondilemma," by Jeffrey A. Miron