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We know what happens if the Boehner bill fails in the House. There is no alternative plan. We suffer whatever shock to the U.S. and world economies that will follow a default. The president will go to the country, claiming the Republicans endangered the country's economy and global standing. But what happens if the House passes the Boehner bill?
1. The Boehner bill becomes the inevitable solution to the crisis. As Keith Hennessey explains, we also make progress in restoring fiscal sanity:
2. The House would have done its job without violating the core promises the speaker made: more spending cuts than dollars increased in the debt ceiling. And no tax hikes.Read full article >>