“Just as pumping money into the system to combat a recession only ensures an unsustainable economic boom and a future recession worse than the first, so too does continuously raising the debt ceiling only forestall the day of reckoning and ensure that, when it comes, it will be cataclysmic,” he continued. “We have a choice: default now and take our medicine, or put it off as long as possible, when the effects will be much worse.”-Rep. Ron Paul
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