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6min chapter
The Responsibility of Business Is Business
Acton Unwind
The Importance of a Meaningful Conversation on the Debt Ceiling
Republicans had wanted a freeze on overall spending for 10 years with the rise in defense spending and cuts to other budgets. The agreement keeps non defense spending flat next year with a 1% rise in 2025. This will also return some unspent COVID funds, which strikes me as a pretty good thing. But once again, none of this is all that serious in dealing with the massive trillions of dollars of debt we have.
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