"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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Source: Kill the JOBS Act! by Eliot Spitzer, www.slate.com. March 19, 2012.

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Eliot Spitzer

Politician

Eliot Spitzer is a former New York Attorney General known for his aggressive stance against corporate corruption and financial misconduct.

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