Democrats and Republicans are feuding over the nation’s debt ceiling again, with each side accusing the other of acting irresponsibly in the face of a dire situation. Politicians should not risk a default on the federal government’s obligations. Instead, they should implement a bipartisan plan to get our country’s finances back in order, while also agreeing upon a debt ceiling increase. Unfortunately, a look back at recent history shows that debt ceiling deals are quite commonplace in Washington — and they usually don’t serve America’s taxpayers well.
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