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Posted inTimes Record Opinion

Gordon L. Weil: Debt ceiling ‘crisis’ pure political theater

America, hope you enjoyed the political theater. Because that’s what all the anguish over the debt ceiling amounted to. In the real world, relatively little has happened. Congress had voted for public spending, but the outlays could only be covered by new borrowing, because tax revenues wouldn’t be sufficient. That would boost the national debt. […]