3 Reasons Why The Debt-Ceiling Debate is Full of Malarkey

After a decade in which spending increased by more than 60 percent in inflation-adjusted dollars and the debt limit was raised no fewer than 10 times, the government is about to max out its $14.3 trillion credit line, leading to fears that Washington is going to default on its bonds, stop cutting Social Security checks, and destroy the economy more than it already has. But the current debate over the debt ceiling is full of malarkey for at least three reasons. [video]