Playing "Chicken" with the Debt Ceiling

Armstrong Williams

Townhall - While Congress prepares its budget for this year, threatening deep cuts to a $14 trillion debt, the first real test of the GOP's fiscal constitution is shaping up to come in the form of whether to raise the debt ceiling. Years ago, no one wanted to talk about expanding the credit line of the U.S. government. It was such a stark reminder of how bad a hole we were in, that both parties built the significant vote as a procedural move with other votes. In other words, they tried to bury the thing in hopes members would not have to rise in defense of an ever-growing nightmare. What profiles in courage - both parties were part of the Ostrich Caucus - sticking their collective heads in the sand on some of the most important issues of the day. And now here we are again, Republicans are at the helm, and Treasury Secretary Timothy Geithner and his minions are screaming like Chicken Little that if their opponents don't "do the right thing," then the U.S. will default on its debt obligations. Read full column here:

Playing "Chicken" with the Debt Ceiling