Budget 101

"Budget 101" Continued...

Issue: "Upside down," April 9, 2011

But a growing number of Republicans see opportunity here. "There is no way that Bob Corker is voting for debt ceiling increase unless I know that we have taken steps to alter the direction of this country pretty dramatically as it relates to spending," said fourth-year Sen. Bob Corker, R-Tenn.

Heritage's Riedl downplays the immediate repercussions of not increasing the debt limit. He said the nation would still have enough funds to make interest payments to credit holders and avoid defaulting: "It's the best climate for spending restraint we've had."

Edward Lee Pitts
Edward Lee Pitts

Lee is WORLD's Washington Bureau chief. As a reporter for the Chattanooga Times Free Press, he was embedded with a National Guard unit in Iraq. He also once worked in the press office of Sen. Lamar Alexander.


You must be a WORLD member to post comments.

    Keep Reading


    Good credit

    Competency-based programs offer college credentials without the debilitating cost


    Soaring sounds

    Three recent albums highlight the aesthetic and emotional range…


    Numbers matter

    Understaffing the U.S. effort in Iraq from the beginning…