Detailed text transcripts for TV channel - FOXNEWS - 20151104:11:20:00
At the election. doesnt that mean for the most part its an open checkbook, as much as they want to spend, they can spend? >> yeah, thats right. so theres no borrowing limit up until 2017. so as much as need to be borrowed and whatever demands the federal government has at the time, they can borrow. this is a disturbing trend. in the past congress would raise the debt limit by specified dollar amount. its no longer doing that. its now just suspending the debt ceiling. its sort of a debt ceiling m...
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