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    Wilbur

    I’d like to send this to aktiv assurans The problem with debt limit is it kicks in on the back end, after Congress commits to fiscal obligations. The limit should kick in on the front end. Annual omnibus spending bills should include provisions that not only limit how much the government can spend during the year, but also provide incentives for coming under budget and punishments for going over (perhaps shutting down ineffective pork barrel programs and other discretionary spending items). Moreover, a reformed debt limit should be tied to budgetary reform and deficit reduction.

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