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Reply #7: When we retire $1T worth of debt [View All]

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drm604 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-31-11 06:08 PM
Response to Reply #3
7. When we retire $1T worth of debt
we are then $1T below the current debt ceiling. We then no longer have to raise it as we have plenty of room to borrow before hitting it again.

This of course would drive the Republicans, and the tea partiers in particular, nuts because they no longer could hold important government programs hostage to the debt ceiling.
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