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Monday, July 28, 2008

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

With President Bush no longer threatening a veto, the subprime mortgage and Fannie and Freddie “bailout” bill is now sailing through Congress. In anticipation of its enactment, Congress had the foresight to raise the national debt limit to $10.6 trillion. Who says that politicians don't plan ahead?

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