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Debt ceiling deal ignores real driver of deficits: healthcare costs

Participants in the debt ceiling debate placed the spotlight on programs with a barely measurable impact on the deficit and put off to the indefinite future the things that really matter. Now that Congress is finished displaying its one unquestionable skill — conniving at ideological extortion, with the household budgets of millions of Americans hanging in the balance — the time has come to calculate the damage done to U.S. fiscal policy by the debt ceiling deal reached this week.

 

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