Dems try to Destroy Debt Ceiling

Video-House Democrats have introduced a bill to eliminate the debt ceiling so that the Treasury Department would be able to borrow money without limit.
Rep. Jim Moran (D.-Va.), one of the supporters of the proposal, said that imposing a legal limit on the national debt is a “danger” to the country.
“The debt limit is an unnecessary and ounterproductive legislative hurdle that has proved to be both an ineffective means of controlling deficits and a danger to this country’s standing in the financial markets,” Moran said.
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