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Paul Jacob: The sky will fall if the ceiling won?t rise?

By Alliance Alert

Paul Jacob writing at Townhall: "To economist John Lott, the current push for a quick increase in the debt level is yet another example of the Obama administration's 'overused tactic of claiming crises to push legislation.' Lott explains that Congress has voted not to raise the debt ceiling before, numerous times, and that a default is not an immediate outcome of the federal government?s credit card being removed from its wallet."

Full post as published by Constitutionally Correct on January 10, 2011 (boomark / email).