The Debt Ceiling: A Manufactured Crisis
huffingtonpost.com — The drive by conservatives to cripple government spending, deregulate whole industries, and emphasize military power over social spending has only made us weaker overseas and at home while increasing the concentration of wealth at the top. The debt ceiling debate is a manufactured crisis, in other words. But it will become a real crisis if Republican House Leader John Boehner succeeds in his threat to hold up a debt ceiling increase next spring unless there are additional spending cuts. That is to say, cutting government spending further will cripple economic growth for years to come.