Obama's Debt Limit Scare Tactics
This column by ACRU General Counsel and Senior Fellow for the Carleson Center for Public Policy (CCPP) Peter Ferrara was published June 22, 2011 on FoxNews.com.
America’s gross federal debt is already bumping up against the national debt limit of $14.3 trillion. But with the federal government already running a deficit of 43 cents out of every dollar of federal spending, if President Obama’s budget of $3.8 trillion, or $3,818 billion, is going to be financed, clearly a lot more national debt is going to be needed.
Speaker John Boehner, however, is holding firm on his position to allow a debt […]

