Debt ceiling crisis may prove welcome antidote to free-spending ways

May 17, 2011

While many may consider it catastrophic if the debt ceiling is not raised and the government is forced into a temporary shutdown, it might be the best medicine for those who dismiss our burgeoning deficit as no problem.

We have spent beyond our limits. Treasury Secretary Timothy Geithner has chosen to raid the retirement funds of government employees to prevent a shutdown. While I have no love for the tea party, their demand for a balanced budget seems appropriate if we are to maintain a vibrant economy here and have political and market clout overseas.

Nelson Marans, Silver Spring

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