Dems try to Destroy Debt Ceiling

Video-House Democrats have introduced a bill to eliminate the debt ceiling so that the Treasury Department would be able to borrow money without limit.

Rep. Jim Moran (D.-Va.), one of the supporters of the proposal, said that imposing a legal limit on the national debt is a “danger” to the country.

“The debt limit is an unnecessary and ounterproductive legislative hurdle that has proved to be both an ineffective means of controlling deficits and a danger to this country’s standing in the financial markets,” Moran said.

See video in full story: http://cnsnews.com/news/article/moran-imposing-legal-limit-govt-debt-danger-country