The Republican argument that raising the debt ceiling encourages additional future spending is logically irresponsible. The debt ceiling has to be raised to authorize spending already approved by Congress. Despite that fallacy, the GOP has been able to score political points with its argument.

Eliot Spitzer

Eliot Spitzer

Able Additional Approved Argument Been Ceiling Congress Debt Debt Ceiling Despite Encourages Fallacy Future Gop Irresponsible Logically Points Political Raised Raising Republican Score Spending

Related Quotes

If it took multiple debt ceiling hikes, I'd rather achieve the savings.

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I always think a debt ceiling is a good tool to carry something.

— Mitch McConnell

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There was no avoiding the fact that we were going to hit our debt ceiling.

— Bill Johnson

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I think it's important that people know what raising the debt ceiling is. It's Congress giving permission to the federal government to borrow more money that we don't have, and we borrow it for the purpose of spending it.

— Michele Bachmann

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I would vote against raising the national debt ceiling. Again, this is about mortgaging the future of unborn generations of Americans. It's a form of taxation without representation. I don't think we can do that.

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