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The Case against Raising the Debt Ceiling - Robert P. Murphy - Mises Daily: "Only in the political realm could it have ever become a standard talking point to claim that we need to go deeper into debt to reassure our creditors that we will pay them back."
"if the government merely returned to its 2003 spending levels, then the current revenue stream would be enough to pay for everything — including interest on existing debt"
Monday, June 13, 2011
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