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Bill White: The Debt Ceiling Doesn't Limit Debt
Linking votes to spend with votes to borrow would impose discipline now sorely lacking. The budget deal announced last week authorizes federal spending for the current fiscal year that will exceed general tax revenues available to pay for it by almost 40%. Congress has raised the debt ceiling to cover all spending through Feb. 7, after which
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Posted: December 16, 2013 Monday 07:04 AM