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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...