Debt Ceiling Hypothetical - Bloggingheads Community

07-31-2011, 08:24 PM

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Debt Ceiling Hypothetical

Suppose that after the 2006 elections, Democrats were so "concerned" about the deficit, that they refused to raise the debt ceiling, unless Bush would agree to a repeal of his tax cuts. Of course, Bush would not agree. So the Democrats refused to raise the debt ceiling, and the country went into default.

Whose fault would that be?

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