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debt ceiling

  • September 05, 2017
    To the Editor: Once again we have to increase the debt ceiling. What is that? That’s when you spend more than you take in. Families go without — government just borrows more — they sell bonds. We borrow from Japan and China and must pay interest yearly. The rest we borrow from ourselves. Case in point. The Social Security Administration, which has accumulated a surplus since it was first set up…
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