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Republicans argued that the financial debt ceiling had to match spending cuts. Included in the Amendment is a boost in the ceiling of 500,000,000,000 which could be refused by a 2/3rds ballot from Congress, it was not.This, financial experts say, will certainly cause a significant collapse in accumulated demand as well as would promptly send the nation back into a spiraling economic crisis.It was by August Second that Head of state signed as well as entered regulation the Spending plan Control Act Amend

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