Raising the Defecit Limit?

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Raising the Defecit Limit? - 8/10/2009 10:36:31 AM

OrionTheWolf

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I was working at the computer and only heard a small snippet that someone in the Obama adminustration is asking that the deficit limit be raised. Is this correct? Anyone have a link?

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RE: Raising the Defecit Limit? - 8/10/2009 10:42:06 AM

n0c0sm0s

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Here it is at Reuters -

http://www.reuters.com/article/bondsNews/idUSN0740488320090808

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RE: Raising the Defecit Limit? - 8/10/2009 10:47:12 AM

Sanity

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Well, duh! We've got to pay for Congress's fleet of shiny new luxury jet airplanes somehow.

http://online.wsj.com/article/SB124960404730212955.html

http://online.wsj.com/article/SB124967502810515267.html

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RE: Raising the Deficit Limit? - 8/10/2009 12:50:55 PM

Musicmystery

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Not that I agree with this, but for what it's worth:

"Ronald Reagan proved that deficits don't matter."

--Dick Cheney

< Message edited by Musicmystery -- 8/10/2009 12:56:53 PM >

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RE: Raising the Deficit Limit? - 8/10/2009 1:06:48 PM

MasterG2kTR

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Why not? They've already printed plenty of money to cover it.

< Message edited by MasterG2kTR -- 8/10/2009 1:07:06 PM >

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RE: Raising the Deficit Limit? - 8/10/2009 1:21:50 PM

Musicmystery

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I'm actually OK with that until liquidity returns--IF it's then reigned in.

That's always been the trouble--supply side or demand side, spending or tax cuts, everybody LOVES expansionary policy, but has no stomach for the subsequently needed contractionary policies--so they just never get done, and our financial standing continues to flounder.

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