World

Republicans’ Plan on Debt? Cut, Cap and Bluster: Ramesh Ponnuru

July 19 (Bloomberg) -- Perhaps it’s a law of politics: For every political fantasy of Democrats there is an equal and opposite one from Republicans. Democrats have been pretending that the Constitution allows President Barack Obama to ignore the debt ceiling, so that he doesn’t have to compromise with Republicans in Congress. House Republicans are voting this week on their own dream: a constitutional amendment to enshrine their budget views and eliminate the need for compromise with Democrats, forever.

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