https://hotair.com/headlines/archives/2012/12/24/fiscal-hawks-need-to-fight-for-the-debt-ceiling/feed/HotAir is the leading conservative blog for breaking news and commentary covering the Biden administration, politics, media, culture, and current elections.en-usTue, 09 Jun 2026 14:10:56 -0400<![CDATA[For starters, not raising the borrowing limit doesn’t mean default. America’s annual debt service costs are only about 10 percent of federal revenues, which means that the country can easily pay investors, meet its obligations to its retirees (for now) and still have money left. It would certainly mean cutting spending somewhere, but that’s a prospect to be cheered, not lamented.]]>Mon, 24 Dec 2012 22:00:05 -0500<![CDATA[Allahpundit]]>https://hotair.com/headlines/2012/12/24/fiscal-hawks-need-to-fight-for-the-debt-ceiling-n98540