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Originally Posted by ralphie250
correct me if im wrong but it seems to me that the democrats are trying to keep raising the debt limit, if that is the case then we'll never be able to pay it back and the economy will get worse. am i wrong??? can we (the people) view the budget plan?
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Quote:
Originally Posted by dc_dux
The Democrats? Bush and the Republican Congress raised the debt ceiling four times between 2001 and 2006 (and again in 07, with a Dem Congress.)
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It's not really about whether it's raised or who raises it so much as by how much it's raised and in relation to increases in GDP. In a way, it's akin to an individual who requests more credit cards or increases their credit limit as their earning potential increases. Whether they pay off their current debts is another matter. However, the risk of increased debt limits is mitigated by the increase in earning power.
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Knowing that death is certain and that the time of death is uncertain, what's the most important thing?
—Bhikkhuni Pema Chödrön
Humankind cannot bear very much reality.
—From "Burnt Norton," Four Quartets (1936), T. S. Eliot
Last edited by Baraka_Guru; 05-08-2011 at 06:02 AM..
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