Australian Professor Steve Keen, a radical economist who called the financial crisis very early on, says indeed we have a long way to go and eventually we may need a debt jubilee. He joins The News Hub from Sydney. Photo: AFP/ Getty Images.
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Question by : How many debt limit increases will Americans accept?
The Federal government is blasting through the most recent debt limit increase like a missile. At this rate, we’ll easily exceed $ 20 trillion in debt by this time next year.
Will Americans accept exponential increases in our debt forever?
Best answer:
Answer by The Eggman
They accepted 17 under Reagan. Here’s the breakdown
Obama – 4 times
Bush Jr – 7 times
Clinton – 4 times
Bush Sr – 4 times
Reagan – 17 times
http://usgovinfo.about.com/od/moneymatters/tp/5-Presidents-Who-Raised-The-Debt-Limit.htm
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