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The Debt Limit Debate Continues
 
  by: iradiotom - Philadelphia, PA
started: 07/26/11 7:41 am | updated: 07/26/11 7:41 am
 
It's in the press every day. Hurriedly prepared speeches break into prime time TV viewing. On one side President Obama wants US debt limits increased substantially. House speaker John Boehner with the backing of Congress and Senate believe spending is out of control and adding more debt is not the answer. When you apply household wisdom, it's hard to side with Obama. As citizens, we are schooled to live within our means. Too much debt, like credit cards, are like quicksand. Borrowing from Peter to pay Paul will ultimately sink you. Is it time for the US to start cutting up its credit cards?
 
 
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