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How Congress Wrecked a Smart Debt-Ceiling Fix
Bloomberg BusinessWeek: The most infuriating part of the fiscal-cliff debate was that the whole construct was phony, a threat devised by Congress to force itself to reduce the deficit. The coming debt-ceiling crisis is much worse and even more infuriating. It too is a creation of Congress—but one that came into being when members, for partisan purposes, deliberately broke an easy way of raising the debt limit that had worked for years.
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