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I'm in my first year at university http://www.cnsantandreu.com/larkhallpharmacycouk-0825.pdf larkhallpharmacy.co.uk Ted Yoho doesn't know what he's talking about. It is true that the U.S. hit the debt ceiling in 1985 and 1995 without immediately raising it – in the same way that we've already hit the debt ceiling in 2013. In all three cases, the sitting treasury secretaries (Republican James Baker and Democrats Robert Rubin and Jack Lew) used "extraordinary measures" to buy a few extra months to raise the ceiling before the country actually defaulted. Yoho seems to think that the periods of time in 1985 and 1995 where we had hit the debt ceiling but not defaulted are comparable to where we'll be tomorrow if we fail to raise the limit; but in fact we've reached the end of the comparable period of time.
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