Thread: Economics The Fiscal Cliff Approacheth
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Old 12-03-2012, 08:16 PM   #364
Direckshun Direckshun is offline
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Quote:
Originally Posted by patteeu View Post
The debt ceiling doesn't prevent the government from paying it's debts, I prevents government from making new debt.
Except that it doesn't, in any functional way.

The government will just raise it at will. And occasionally threaten the economy in deciding to do so.

It's better gone.
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