July 22, 2011 archive

For goodness sakes, it’s a debt limit, not a default…

It seems like every day I turn on the TV and some other talking head from Washington is talking about the impending “default” by not raising the debt ceiling. To you and me, the debt ceiling is the credit limit on our credit cards.  Once we reach our limit, we have to stop borrowing – we …

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Permanent link to this article: https://onthespotblog.com/for-goodness-sakes-its-a-debt-limit-not-a-default/

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