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Wildwood Crest

The Trump bill includes a $5 trillion hike to the statutory borrowing limit, an eye-popping sum and the largest-ever specified increase in history, to accommodate the cost of its tax cuts for mostly wealthy Americans. Republicans for years opposed such debt limit increases, taking the nation’s fiscal health hostage by demanding equal spending cuts from Democrats. Under both of Trump’s presidencies, however, they’ve looked the other way.

8 months ago Share

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