From the Foundry:
Yes, it’s time to talk about the debt limit again.
Every time the U.S. bumps up against its debt ceiling, we start the cycle all over again. President Obama insists he won’t negotiate over the debt ceiling, but of course he will. Members of Congress grandstand about changing this vicious cycle, and then most clamber for the easy way out so they can return to matters they’d rather talk about, which is just about anything but cutting spending.
Meanwhile, federal spending continues its out-of-control expansion, and the debt clock keeps ticking.
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