I spoke yesterday at a press event put together by some of the Tea Party groups. Here’s what I said about the debt limit.
I debunked the notion that a higher debt limit was needed to avoid default and explained that the problem is too much spending and that deficits and debt are the symptoms of that profligacy.
During the Q&A session, I talked about Senator Corker’s spending-cap legislation as one possible way of solving the problem.
