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The United States Debt Limit Explained - (CR) Heritage Foundation

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Uploaded on Feb 26, 2011

What's happening as the congress raises the debt ceiling explained in a very easy to understand and short video. Congress will consider rasing the debt ceiling on our borrowing streak for the 78th time in less than a hundred years and as the debt goes up so does the interest on the debt. No one in their right mind would do this, but Congress does because it's not their personal money or debt and it allows them to continue to spend and remain in power.

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