Robert ReichReminder: Raising the debt ceiling does not increase spending or the federal debt. It simply allows the government to pay bills it has already taken on— and defaulting on the debt would be catastrophic.
2labz@rbreich Heard a report recently that estimated a $1-billion cost to taxpayers for the downgrade of US bonds from AAA to AA+ after the 2011 squabble over debt ceiling. Thanks, Ted Cruz.