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Spending Cuts vs Borrowing: Fixing the Debt Limit | Sunday Extra
Morning Wire
The Debt Ceiling and the Obama Administration
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When we saw this before, it was scary and it was the wrong way to approach it. If what you want to do is be kind of fiscal responsible and say we're borrowing too much,. We are headed to record levels of debt. Just in the next five years, we're going to be spending more interest payments than we do on defense or Medicaid. Like there's no question we need to do something about it.
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