On that last occasion, more than 65% of voters turned down an amendment that would have raised the interest-rate ceiling to 17%.

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Q, which put a ceiling on interest rates paid on deposits.

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If Congress imposes a hard budget constraint on itself by refusing to raise the debt ceiling and establishes Social Security and interest on the debt as priority must-pays out of revenues before any other programs may be funded, it would require total other, non-priority spending to be reduced not quite one-third on average during the next ten years.

FORBES: Enough Is Enough On Raising The Federal Debt Limit