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some serious concessions from democrats. we have over $50 trillion in unfunded liabilities. all of them are unsustainable. we need to raise the debt ceiling both short term, medium term and long term. that s what it would take to get my vote. will cain is a cnn contributor. secretary geithner said not raising the debt ceiling would be catastrophic for the economy. he concedes no one knows for certain in the event that it s not raised. are republicans willing to risk sending this fragile recovery that we re in into chaos to find out if they re right? no. but neither are democrats. let me tell you why i m so certain about this. the debt ceiling has been raised 74 times since 1962. second, the consequences for not raising the debt ceiling are dire and everyone knows it. i have my prop here. the issue is, if we don t raise the debt ceiling, the government cannot issue new debt. the problem is we take in 60 cents for every dollar we spent. we spend 40% more than we take in

Debt ceilingTim geithnerAli velshi0 trillion50 trillionWill cainU sSafe havenSocial securityBig cutGovernment spendingGloria gorborgerCredit limitWouldn tWill postulatesBarack obama