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Will Credit Downgrades Spur Greater Interest in a BRAC-like Fiscal Commission?

Cato Daily Podcast

CHAPTER

Introduction

For the second time, a major credit rating agency is downgraded US debt. There's not much evidence that lawmakers in charge of federal purse strings will change their spendy behavior. Growing agreement that one way to weather political storm is to create a brack-like commission aimed at stabilizing US debt.

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