About that debt limit

posted by
July 10, 2011
Foundation for Economic Education
by Sheldon Richman  
Posted in Commentary

"What’s the point of a debt ceiling if raising it is a mere formality? As the U.S. government neared its $14.29 trillion debt limit, the congressional vote to raise it was expected to be uncontroversial. That’s pretty much how it’s been in the past. In the first decade of this century, the limit was raised a half-dozen times. But this time it’s different." (07/08/11)


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