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How to Solve the Debt-Ceiling Crisis Forever
Bloomberg BusinessWeeK: At its heart, the increasingly scary impasse over raising the $16.7 trillion debt ceiling is about House Speaker John Boehner’s determination to use the prospect of default as leverage to secure Republican policy victories and President Obama’s determination to avoid a precedent-setting submission to those demands that would severely weaken future presidents. There is, however, a potential solution that would not only avert a catastrophic default and let both sides save face, but would also eliminate such threats in the future.
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