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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 teaches journalism at Dordt College in Sioux Center, Iowa, and is the associate dean of the World Journalism Institute.

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