Obama: Borrow $2.4 Trillion—Roughly What We Borrowed During WWII
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0 Left 0 Centered 0 RightPresident Obama repeatedly insists that the debt ceiling must be raised by at least $2.4 trillion. Why this particular amount, rather than, say, an even $1 trillion or $2 trillion??Because $2.4 trillion is Obama’s estimate for what it would take to get him through the next election without needing to deal with another debt ceiling battle. In other words, $2.4 trillion is a politically generated figure.