Eliot Spitzer

The Republican argument that raising the debt ceiling encourages additional future spending is logically irresponsible. The debt ceiling has to be raised to authorize spending already approved by Congress. Despite that fallacy, the GOP has been able to score political points with its argument.

Jimmy Carter laid out policies that we now look back at and say, 'Gee, that actually made sense.' But you also need to explain it and convey and communicate in a way that provides that tableau, that understanding.

The Republican argument that raising the debt ceiling encourages additional future spending is logically irresponsible. The debt ceiling has to be raised to authorize spending already approved by Congress. Despite that fallacy, the GOP has been able to score political points with its argument.