Congressional, White House and media officials tell us unless the debt limit is increased by Tuesday, the nation will default.
Failure, they tell us, will lead our foreign creditors to stop lending us money. The national credit rating agencies (Standard and Poor's, Fitch and Moody's) tell us we must up the debt limit or face a downgrade from AAA.
Do you believe them? Have they ever lied to the American public before?
In today's debt limit debate, these same officials now tell us Congress has plans to cut spending by trillions in exchange for an equal amount of increase in the debt ceiling. Do you believe them?
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Surely, both Democratic and Republican voters will agree that the nation is in fiscal crisis, either because we tax too little or we spend too much or both.
If the debt is increased by an amount equal to the amount in either taxes or spending cuts, nothing changes. Congress and the executive branch will continue to borrow and spend as they always have. Do you still believe them?
Talk of "cut, cap, and balance" is nonsense. The "promised" cuts occur in the out-years (never), the cap will be ignored and the text of the proposed balanced budget amendment reveals balance never happens unless Congress says so.
The solution is to leave the debt limit as it is, force the spending cuts immediately, send the president a bill mandating what programs must be funded and refrain from adding junk to the Constitution.
Paul S. Egan