The Arkanssouri Blog.

Tuesday, July 31, 2007

Treas. Sec. Paulson: The country's not in enough debt.

Paulson, in a letter to lawmakers, estimated the government is likely to bump into the statutory debt limit in early October.

"Accordingly, I am writing to request that Congress raise the statutory debt limit as soon as possible," Paulson wrote.


Why does cutting spending never enter into the discussion?

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