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But a statutory debt limit is a poor substitute for a constitutional balanced budget amendment.
FORBES: Republicans must mark their budget territory
In the last 20 years, the U.S. has permanently increased its statutory debt limit 14 times.
FORBES: What Entrepreneurs Can Teach World Leaders About Debt
The statutory debt ceiling and the threat of default have become political bargaining chips in the debate over fiscal policy.
FORBES: S&P Downgrades U.S. Debt
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