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The Debt Ceiling Debate
Since the Tea Party came around in 0809, 010, it's just been an issue that resonates with their base. And so there's a reason for them to fight for it tooth and nail the way that they have. There's also a very real concern that if the debt keeps growing, then the only thing that federal outlays are going to go to is interest on the debt. But Democrats would argue that the context in which to argue about future spending and cutting the deficit is not in this debate.
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Transcript
