The Way To Address the Debt Limit Is — Yes — To Cut Medicare and Social Security

That’s the view from Libertarian Land, our columnist reports.

AP/Patrick Semansky, file
The Social Security Administration's main campus at Woodlawn, Maryland in 2013. AP/Patrick Semansky, file

The United States currently limits the federal debt to $31.4 trillion. Borrowing hit this limit on January 19, but the government will not default until at least July due to various “extraordinary measures.” If default occurs, a major financial crisis is likely. How should the United States respond? 

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