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Bruce Bartlett: 5 Myths About The Debt Ceiling

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DEBT CEILING MYTHS
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In recent months, the federal debt ceiling -- last increased in February 2010 and now standing at $14.3 trillion -- has become a matter of national debate and political hysteria. The ceiling must be raised by Aug. 2, Treasury says, or the government will run out of cash.

Read the whole story at The Washington Post

Around the Web

Debt-Ceiling Myths - Michael Tanner - National Review Online

Emil W. Henry Jr.: The Debt Ceiling—Myths and Facts - WSJ.com

John Waggoner column: Debt something everyone should monitor

Who's afraid of the debt? Everyone except Wall Street