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Debt Limit Debate and Spending Cuts
In this chapter, they discuss the current debt limit debate and highlight the negative consequences of the Democrats' massive spending. They emphasize the need to cut back on spending, particularly on certain areas like the GAVI IRS and EV mandates, due to the lack of available funds. They draw parallels to the mistakes made in the 1970s, where overspending and inflation led to the Fed raising interest rates.