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2min chapter
Daunting debt limit dynamics
Goldman Sachs Exchanges
The Myth of Governments Borrowing Will
In Beersview, high levels of debt in many countries is the real problem that could ultimately adversely impact US credit worthiness. abolishing the debt limit would do little to solve those fiscal concerns. Other countries get into debt difficulties that don't have debt ceilings. The underlying issue is public finances. You can't just keep borrowing and expect that your creditworthiness is going to suffer whether you're private sector or public sector.
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