Dr. Carson Demonstrates His Deficient Understanding Of The Debt Ceiling...
Rational Nation U S A Purveyor of Truth Kai Ryssdal during his interview with republican presidential candidate Dr. Ben Carson asked a straight forward standard question regarding the debt ceiling, namely whether Dr. Carson believed we should raise the debt ceiling or not. Not raising the ceiling would of course result in the United States defaulting on its debt obligations. Dr. Carson's response made it clear he really doesn't understand the difference between the federal debt ceiling and the federal budget. Ryssdal: All right, so let's talk about debt then and the budget. As you know, Treasury Secretary Lew has come out in the last couple of days and said, "We're gonna run out of money, we're gonna run out of borrowing authority, on the fifth of November." Should the Congress then and the president not raise the debt limit? Should we default on our debt? Carson: Let me put it this way: if I were the president, I would not sign an increased budge...