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dkf

(37,305 posts)
1. That's not what this guy says...
Wed Oct 9, 2013, 12:48 AM
Oct 2013

Up until about one hundred years ago, Congress approved every individual new bond issue, but early in the 20th century Congress began to expedite the process by simply creating a debt limit and allowing the Treasury Department to borrow as it sees fit any amount below that.

http://business.time.com/2013/10/05/three-not-so-crazy-ways-out-of-the-debt-ceiling-crisis/#comments

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