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News Link • Economy - Economics USA

Tim Geithner's Solution To The Debt Ceiling Is So Reasonable, Nobody Could Possibly Object

• Business Insider
 

There are a few simple reasons why:

It's dangerous. If Congress fails to raise it, it could result in a catastrophic financial situation, whereupon the US was forced to default. By threatening the above, it allows an opposition to hold the nation hostage (this applies to Republicans and Democrats [who also have a history of opposing hikes when they're out of power]) doesn't accomplish anything. It's never reduced the trajectory of government spending.

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