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Spending Cuts vs Borrowing: Fixing the Debt Limit | Sunday Extra

Morning Wire

How to End the Cycle of Borrowing and Raising the Debt Ceiling

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Maya McGinnis: We need savings of as much as $8 trillion just to keep our debt not growing relative to the economy. The best thing would be to do is kind of start in small bites and get Congress used to budgeting, she says. "We are headed to where our debt as a shared economy will be the highest it's ever been"

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