Bloomberg View: How to Resolve the Debt-Ceiling Crisis
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In the final news conference of his first term, President Barack Obama called the increasingly real specter of a U.S. default “irresponsible” and “absurd.” Yet the absurd has become sadly commonplace in Washington.
Consider Obama’s news conference itself: At the same time he was comparing Congress to a bunch of deadbeat diners who refuse to the pay their bill, the president was careful to say this was a crisis Congress would have to solve. It’s not exactly a confidence-inspiring message.