by Kris Sayce
Casey Research
[…] It’s not the first time this story has come up.
It seems to emerge every time the government nears the federal debt limit.
You know. The debt limit that’s meant to cap government borrowing…
So D.C. doesn’t burden citizens with too much public debt or high taxes.
But whether the “solution” in this story happens or not, it doesn’t matter.
Debt will go up… taxes will go up… and inflation will go up.