Quote by: Eliot Spitzer

The Republican argument that raising the debt ceiling encourages additional future spending is logically irresponsible. The debt ceiling has to be raised to authorize spending already approved by Congress. Despite that fallacy, the GOP has been able to score political points with its argument.


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Author Bio


  • NameEliot Spitzer
  • Description54th Governor of New York
  • BornJune 10, 1959
  • CountryUnited States Of America
  • ProfessionLawyer; Politician