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U.S. debt crisis

CSUSB student’s take on the debt ceiling

January 25, 2013 by Archived posts 6 Comments

By Brenda Acuna |Staff Writer| In the forefront of America’s problems lies the issue of the ever increasing national debt. At a debt of $16.4 trillion, Congress and President Barack Obama are at an impasse on how to solve this dilemma. To reach a solution, Congress needs to do two things: raise and reform. By that I mean Congress must first raise the debt limit and then reform the debt limit to gain stability. The debt limit, or what is being referred to as the debt ceiling, is the amount of money the nation is allowed to borrow. While many Democrats are advocating the need for raising the debt limit, Republicans argue that the country’s legal ability to borrow should be reduced. Both … [Read more...] about CSUSB student’s take on the debt ceiling

Filed Under: Opinions Tagged With: debt ceiling, debt limit, national debt, U.S. debt crisis

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