Fear-Mongering Over the Debt Ceiling

Heritage Fellow Peter St. Onge joins Bob to set the record straight on several popular talking points about the debt ceiling.

Bob on selling Gov't resources to reduce the National Debt: https://Mises.org/HAP397a

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00:00 Introduction
00:28 Current State of Affairs in Washington
02:30 Government Accounting Trickery
05:08 Debt Ceiling and Defaulting on the Debt
10:32 Holding the Population Hostage
14:07 Constitutional Right to More Gov't Debt
21:51 The Missing Connection between Spending & Borrowing
33:55 Practical ways of Reducing the Debt
38:12 Ethics of Defaulting on the Debt
43:12 Hard Truth of Gov't Default