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Barras: D.C.'s dangerous debt noose

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"We have spent ourselves into a hole," at-large D.C. Councilman David Catania declared last week, citing the city's total debt and urging legislators to resist Mayor Vincent C. Gray's request to reprogram $23 million left over from fiscal 2012. Instead of saving those funds, the executive proposed moving them from the operating to the capital budget. By law, money left from the operating budget...

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