Treasury Secretary: Raise the Debt Ceiling; It’s “Not Open to Debate”

Here we are at the debt limit again, and the new Treasury Secretary Jack Lew is urging Congress to go ahead and approve a higher limit so that Congress can continue to borrow money whenever it wants in the name of protecting America’s and the world’s economy. In a letter to Speaker Boehner, Lew stated that the issue of raising the debt limit is “not open to debate”:  “[I]ncreasing the debt limit does not increase spending or authorize new spending; rather, it simply permits the United Read more […]