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Politics : Politics for Pros- moderated
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To: LindyBill who wrote (437175)7/25/2011 2:52:03 PM
From: Brian Sullivan5 Recommendations  Read Replies (1) of 793991
 
Democrats say a six-month increase in the government's $14.29 trillion debt ceiling will introduce too much uncertainty into financial markets and they insist on a deal that would raise the cap by $2.4 trillion immediately, which would carry the government through the end of 2012.

Our current debt limit accumulated over the past 200 years is 14.26 trillion, but the amount that we need to raise this just to get past the 2012 election is 2.4 trillion or 16.8%.
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