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    Seven Reasons Why August 2 Isn’t the End of the World

    Promoted from the diaries. Washington is currently borrowing about 43 cents out of every dollar it spends, and is close to maxing out its credit limit. Current law says Uncle Sam cannot borrow more than $14.3 trillion. A few months back, the Obama Administration demanded that Congress increase the national credit line by $2.5 trillion by May 16, or else, it warned, the United States | Read More »