by Veronique de Rugy, Jason J. Fichtner
October 10, 2013
As federal government borrowing is set to exceed yet another debt limit, most are quick to recall—and wish to avoid a repeat of—the 2011 debt-limit showdown. If current rhetoric is any indication, it appears many of the last debate’s lessons have been forgotten. Regrettably, it seems many of the debate’s facts have been forgotten as well. Below, Jason Fichtner and Veronique de Rugy, senior research fellows at the Mercatus Center at George Mason University, address some of the most pervasive myths that surrounded the 2011 debt-limit debate and continue to muddle the current debate.