Get a Pair, Will Ya?
mikethemadbiologist | January 1, 2011The largest political battle, barring something really stupid coming along, in the next few months will be over the attempt to raise the federal debt limit. While it sounds boring, it's critical to every budget item, including science funding. Without increasing the federal debt limit, the U.S. would default on its debt (as well as be unable to pay for all of the allocated federal spending). Keep in mind this federal debt limit is absolutely artificial: since the U.S. has a sovereign and fiat currency, this is a self-imposed constraint. We could set the debt limit to any amount or even…