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To: John W

DON’T RAISE THE LIMIT

CUT SPENDING


8 posted on 01/15/2011 9:04:13 AM PST by Carley (THE MEDIA UNDERSTANDS CREDENTIALS BUT DOES NOT UNDERSTAND PRINCIPLES)
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To: Carley
We will have to raise the limit regardless. We take in about $2.4 trillion in total tax revenue from all sources. That is just enough to cover the entitlement programs and the debt servicing costs. The other $1.2 trillion must fund the rest of the government including DOD and it is borrowed.

Yes, we must cut spending, but it will not be enough to cover the operation of the government without raising taxes or the debt limit.

23 posted on 01/15/2011 10:44:43 AM PST by kabar
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To: Carley

Ditto to post 8:

DON’T RAISE THE LIMIT

CUT SPENDING


24 posted on 01/15/2011 10:48:13 AM PST by RicocheT
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