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The debate over raising the debt ceiling and the subsequent downgrade of the credit rating of the United States has given rise to certain commentary that, while interesting, is fallacious.



I have heard and read what essentially amounts to blaming both political parties. If one argues that both political parties contributed to the creating of the unsustainable debt, it is a fair argument. Both parties spent money like a sailor on shore leave. However, I believe it is not accurate to… Continue