, back to

Political Factoid

"Raising the debt ceiling is not
a 'license to spend more,' as
some [politicians] assert.  It simply
lets the Treasury Department
continue to pay all the country's
obligations that Congress has
already approved -- whether it's
a payment to a federal contractor,
a Social Security check to a senior,
or interest on the debt to a bond
investor."
 
-30-

Collected by students of  Zo^o University
Last updated * 2013-01-17
Copyright © 2013 Zo^o University
All Rights Reserved