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re: Debt Ceiling
Posted on 6/30/11 at 12:49 pm to chuckitdeep
Posted on 6/30/11 at 12:49 pm to chuckitdeep
theoretically the debt ceiling is in place to put a limit on spending. Once this limit is reached, the treasury can not borrow any money to make up for the lack of money coming in.
Since we spend more than we make, the country would default on our loans.
Since we spend more than we make, the country would default on our loans.
1
Posted on 6/30/11 at 1:25 pm to I Love Bama
I cannot wait to see this unfold, with the end result being the debt ceiling gets raised and the Republicans trying to position themselves for 2012
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