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Will The Debt Ceiling Reprice The Financial Markets?
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There’s a mechanism in the U.S. Government’s accounting known as the debt ceiling, that was designed as a check and balance on the amount of money the government can borrow. Essentially a cap was put in place so that there’s a limit to how much they can spend, which would be great except for one small problem.

You see, every time they reach the debt ceiling, rather than cutting spending, they just raise the limit. Which kind of defeats the entire purpose. Yet every once in a while....

For the rest of this article:
http://arcadiaeconomics.com/wall-street/debt-ceiling-update/

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