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  • How does limiting the amount of debts the Treasury can accrue on money already earmarked for spending pay anyone's bills?

    The simplest answer is to say that the money is earmarked for spending, but not payment. Think that Congress spends the money and Treasury pays for it. Some bills are due and payable this year, a year from now, 5 years from now, etc. Plus, income, or taxes raised, are also veriable.

    In any case, the debt limit has to be raised in January and Trump is none too happy about it.

  • The media had a big hand in Reagan being elected over Carter. Every newscast every night had a clock on the number of days the US hostages were held by the Iranians. This was a constant reminder on what was perceived as Carter's failure. So much so, that Reagan sent George Scholtz, to Iran to make a deal for them to keep the hostages until after the election. Which was the begining of Iran-Contra. Anyway, that was the real reason.

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