A few weeks past, Mr Krugman (and I’m not linking him) noted that contrary to popular beliefs (and cited some polls) deficits have not increased in the last few years. We are also told by similar sources that inflation is not occuring.
Yet. we need to keep raising the debt limits to keep the government solvent. If it was true that the deficits were not still increasing then we would be lowering not raising the debt limit. Somebody is not being honest.