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Conn Carroll: The debt limit can save us from ourselves

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In 1917, Congress first created what is commonly known today as "the debt limit." The Second Liberty Bond Act authorized the secretary of the Treasury "to borrow, from time to time, on the credit of the United States" a sum "not exceeding in the aggregate $7,538,945,460." Today, many, many debt limit hikes later, Treasury Secretary Tim Geithner is authorized to borrow up to an amount 2,000...

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