As the sun rises in the east, the debt ceiling will be raised. Getting there, however, will be harrowing. Which is a good thing.Treasury Secretary Tim Geithner warns that failure to raise the limit would be disastrous. In that he is correct. But he is disingenuous when he suggests that we must do so by August 2 or the sky falls.
Source: http://www.realclearpolitics.com/2011/06/03/our_salutary_debt-ceiling_scare_256579.html
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