Raise high the debt ceiling, Congresscritters
James Fallows distills it down to The Two Sentences That Should Be Part of All Discussion of the Debt Ceiling
Here they are:Simple. Any news organization that uncritically "reports" the GOP's false blathering about "handing President Obama a trillion dollar credit card" without adding these two indisputable facts is commiting journalistic malpractice. Furthermore, if it all goes to shit because they failed to inform the public, then the media is just as much to blame for the aftermath as the GOP.
1) Raising the debt ceiling does not authorize one single penny in additional public spending.
2) For Congress to "decide whether" to raise the debt ceiling, for programs and tax rates it has already voted into law, makes exactly as much sense as it would for a family to "decide whether" to pay a credit-card bill for goods it has already bought.
As PressSec Jay Carney said, "There are only two options to deal with the debt limit: Congress can pay its bills or they can...put the nation into default."