Former U.S. Senator Pete Domenici, who helped forge four major federal budget agreements, has formed a “truth squad” to caution fellow Republicans about the hazards of breaching the U.S. debt ceiling.
Domenici, 79, is working with former federal budget officials including Jay Powell, a Treasury undersecretary for President George H.W. Bush, to detail the negative economic and social consequences if Congress fails to approve an increase in the $14.3 trillion borrowing limit before an Aug. 2 deadline.Bloomberg
Wasn't Domenici one of the Starve the Beast deficit loving crowd, including Reagan and Cheney?
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