Thread: Economics The Fiscal Cliff Approacheth
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Old 12-03-2012, 08:45 PM   #369
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Quote:
Originally Posted by Direckshun View Post
Except that it's not. Not remotely.

We've deficit-spent liberally for decades now with a debt ceiling cap we've moved at will.

The United States has dealt with debt crises in the past without some arbitrary ceiling.

There is literally no reason for it to exist.
Agreed. Its a complete anachronism in the world of modern budgeting and should be done away with.
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