Point: The debt ceiling has been raised over 70 times in the last 50 years. It being raised now is nothing new, even though the author used the phrase "thus avoiding the first-ever default on U.S. debt" -- something that makes you think this isn't commonplace.
The debt ceiling was raised four times under Clinton... and now, four times under Bush. Both of 'em are underachievers... they should be looking at 8-10 increases, statistically speaking.
I don't claim that debt is good -- I try to avoid it, generally. However, claiming that the sky is falling because of it is something that some journalists do in order to get published.
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Give 'em a hug one more time. It might be the last.
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