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John Thune
The GOP's cynical debt limit ploy
The GOP's cynical debt limit ploy

With President Barack Obama holding his ground on tax increases for the wealthy, congressional Republicans appear intent to make a tactical retreat from the fiscal cliff to an issue where they believe they have more leverage: the nation's debt ceiling. It's the same trick they pulled to disastrous effect in 2011, and they try it again at their — and the nation's — peril. As we lurch toward the automatic tax increases and spending cuts that go into effect on Jan. 1, it's worth a brief recap of how we got here. In the spring of 2011, the newly emboldened Republican majority in the House of Representatives threatened to shut down the government unless President...