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News Link • Government Debt & Financing

What They Owe - by Jim Davies

• Strike The Root
There was a lot of fuss recently about something they call the “debt ceiling.” Supposedly, it's a kind of limit to what the FedGov can borrow. It's all a load of horsefeathers, of course, because whenever they find the limit inconvenient, they will raise it – as they have already done, 95 times in a row. One of the key features of government is that by nature, it cannot be limited. It governs. If it were limited, the limiter would be governing instead, and people would witter about how to limit the limiter....

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