The Debt Crisis: Why There Is a Stalemate By Jean F. Drew Ask just about any person on the street nowadays what the U.S. “debt crisis” is all about, and he’ll probably tell you it’s about “raising the debt limit.” He has had it drilled into his head — by the Obama Administration, the Democrat Party, the labor unions, and their various enablers in the “official” media — that the international credit reporting agencies threaten to downgrade sovereign U.S. debt from Triple A to a lesser — and costlier — grade because Congress has failed to increase the debt ceiling...
