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Debt ceiling crisis is pure politics, yet it undermines US world leadership

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You want to borrow some money. The bank will make the loan, because you have an excellent credit history and valuable property to back up your ability to repay.

Later, you tell the bank you won’t be making any more loan payments. The bank says that your credit is so good, you can even borrow some more. But you decide you have too much debt and prefer to stop paying on your existing loans.

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