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Wednesday July 27, 2011
Quote of the Day about the Debt Ceiling, 1979
“I’ve never understood exactly why we [we have a debt ceiling], or why anyone can think it’s ‘fiscally responsible’ to vote against raising the debt ceiling when we’ve already incurred the responsibilities. It’s like not paying your bills. It’s silly to go through the posturing that you’re saving money by not voting to increase the national debt.”
--Rep. Tom Foley on raising the debt ceiling, in The New Yorker: April 1979
Tags: Debt Ceiling, Tom Foley
Posted at 01:23 PM on Wednesday July 27, 2011 in category Quote of the Day