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Is America Really Going to Default?
This week, President Obama accused his opposition in Congress of threatening to "default" on America's loans in order to make a political point.
| "I am not going to have a monthly or every three months conversation about whether or not we pay our bills because that in and of itself does severe damage. Even the threat of default hurts our economy. It's hurting our economy as we speak. We shouldn't be having that debate." |
But is this "threat of default" a red herring?
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Can We Raise the Debt Ceiling and Balance the Budget?
All across America, families are balancing their budgets and even paying off debt. Since the financial panic of 2008, personal debt has fallen as Americans tighten their belts and pay back loans. Some, unfortunately, had to declare bankruptcy because their debts got too big. Washington cannot declare bankruptcy; it must instead follow the example of millions of Americans and cut spending to live within its means.
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| Did Obama Proclaim Religious Liberty? |
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| Is Head Start a Complete Failure? |
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