Whitley's Journal

Journal entries relating to "Debt Ceiling"

Sunday, July 31, 2011
The United States is the only country in the world besides Denmark that has a debt ceiling, and Denmark's is intentionally set so high that it will never be reached. So why do we have one? Historically, it was put in place during World War I so that congress could quickly deal with the need to rapidly increase debt. It was never intended to be...
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