Majority Says Raise Debt Ceiling

by Jessica Garber on Oct 4, 2013 | Views: 88 | Score: 0
Raising the debt ceiling to make sure the government has enough money to pay its debts51
Delaying the date on which major provisions in the new health care law will take effect43
Both equal2
No opinion5
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Jessica Garber
Jessica Garber on Oct 4, 2013 2:57 PM said:

According to a letter from the Chairman of the Treasury Borrowing Advisory Committee to Secretary Geithner of the Treasury Department, not raising the debt ceiling has large negative effects. For example, it could cost taxpayers tens of billions of dollars in borrowing costs due to defaulting, and severely damage the health of our economy (…).