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"A government that robs Peter to pay Paul, can always count on the support of Paul." George Bernard Shaw

Friday, April 15, 2011

Our debt ceiling

The left says that our unwillingness to raise the debt ceiling is a sign that we will default on our debts. Is it possible that the outside world would see this as a sign that we are going to borrow less? I have leant businesses money before and once I leant them money I would generally prefer they borrow no more. Once I have leant money I want the borrower to focus on how to pay me back.

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