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2587 days ago
Are there other countries with a US-like debt ceiling? Australia had one between 2007 and 2013 (
https://en.wikipedia.org/wiki/Australian_government_debt#Deb...
) and the EU stability and growth pact (
https://en.m.wikipedia.org/wiki/Stability_and_Growth_Pact
) limits debt to 60% of GDP, but its measures are a lot drastic than what the US does, and its limit was softened in 2005 (
https://en.wikipedia.org/wiki/Stability_and_Growth_Pact#Refo...
)