June 14, 2011
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7:41Now PlayingDemocracyNow.org -
Vice President Joe Biden met with congressional negotiators last Thursday to discuss ways to curb the federal deficit and permit new borrowing after August 2, the day the U.S. government is expected to reach its $14.3 trillion borrowing limit. Democrats want to curb the federal deficit by pushing for new taxes and eliminating many tax loopholes, while Republicans have called for steep spending reductions but no new taxes. To discuss the ongoing debate over how to curb the federal deficit, Democracy Now! recently spoke with Sally Kohn, author of a May 24, USA Today op-ed titled, "Don't Believe the Hype About U.S. Debt."
For the transcript, podcast, and for more Democracy Now! reports about the economy, visit
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