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Podcast: Townhall Review | Commentaries
Episode: Hewitt: America's Maxed Out Credit
Description: The nation has, once again, maxed out its credit card. I’m referring to the $31.4 trillion dollar limit on gross federal debt. A “debt limit crisis” is most definitely not a “crisis” in the sense of a sudden set of extraordinary and dangerous circumstances. It is, rather, a regularly recurring moment of American political Kabuki. When power to raise the debt limit is divided between Democrats and Republicans, getting to an agreement can be tedious. Congressional Republicans will triumph only if they can agree on a few reasonable demands—and then make those demands spec...