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We do have a debt ceiling for a reason random thoughts Send a noteboard - 09/08/2011 04:05:59 PM
It is meant to pressure congress to not let the debt grow out of control. The debt ceiling was raised, America didn't defualt on it's loans and some modest spending cuts were inacted, maybe. The question shouldn't why they did they use the debt deliing to put pressure on lowering the debt this time but why they didn't use it that way before instead of just raising it without question. Hell if we are going to do that lets just raise to 100 tillion and not more about for a century or so.
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