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First, Stop Spending What You Don't Have. Everything Else Comes After That
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While the panic builds over the debt ceiling talks and Obama calls a press conference to say, in effect, nothing, here's a libertarian perspective from Reason magazine's Nick Gillespie on why the debt limit debate is, in large part, a phony debate. For example, the August 2nd deadline is an arbitrary date, pushed off twice before by Geithner. And we don't automatically default if we reach the limit. Both sides are using this situation to get what they want. And, as usual, the public is misinformed and ignored. (Reason)
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