The other day, I blogged on the necessity of increasing the debt limit.
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The trouble is, they are completely misinterpreting the consequences of exceeding the debt limit.
FORBES: Right Shows Blithe Indifference To Consequences Of Hitting The Debt Limit
Do you believe that the debt limit is constitutional, the idea that Congress can do this?
Obama hardly fared better, with 69% disapproving of his work on the debt limit.
Separating the debt limit from those other fiscal issues strengthens his hand enormously in 2012.
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It is impossible to imagine ever stopping a debt limit increase the way things are now.
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Make no mistake: the debt limit battle is about nothing more than naked politics.
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And there is a non-trivial chance that the Washington will bungle the hot-button debt limit negotiations.
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And so I think that there will be significant discussions about the debt limit vote.
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The U.S. debt limit debacle is bullish for the safe-haven precious metals and especially gold.
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Treasury Secretary Geithner gave Congress until Aug. 2 to increase the debt limit or risk default.
Essentially, with Jimmy Carter, there was a similar to now fight about raising the debt limit.
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But the debt limit does not give Congress any more power than it had before.
This point is especially crucial in the looming showdown over increasing the debt limit.
But a statutory debt limit is a poor substitute for a constitutional balanced budget amendment.
Still, the U.S. debt limit debacle is bullish for the safe-haven precious metals and especially gold.
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Rather than rejecting an increase in the debt limit, fiscal conservatives should offer a lasting remedy.
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Does he mean just whatever it takes to get this debt limit through Congress?
The debt measure permits borrowing through May 18 and resets the debt limit to reflect it.
The panel was itself established by the hard-fought 2011 increase in the debt limit.
Are they serious about enacting statutory PAYGO, attaching it to raising the debt limit?
But President Obama refused to negotiate, demanding that lawmakers pass an unconditional debt limit increase.
During what war did the U.S. Congress establish the debt ceiling (or debt limit)?
But a deal on raising the US's debt limit has yet to be reached.
How do these negotiations affect negotiations or talks with Republicans about raising the debt limit?
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In the last 20 years, the U.S. has permanently increased its statutory debt limit 14 times.
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During the past decade, Congress has raised the debt limit 10 times, on average once a year.
Last August, we were told the Republican fight over increasing the debt limit was hurting the economy.
Congress has been unable to agree on the debt limit or spending cuts for nearly two years.
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Other economists are coming out of the woodwork to argue for an increase in the debt limit.
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