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Why America Should Abolish the Debt Ceiling
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Why America Should Abolish the Debt Ceiling
Every few years, Washington restages the same drama. The United States government approaches its statutory debt limit, negotiations stall, markets grow nervous, and politicians declare that the country will soon default on its financial obligations. Cable news airs countdown clocks to the so-called “X-date,” when the Treasury will run out of borrowing authority. Eventually, after
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