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How the Debt Limit Delay Will Affect US Fiscal Policy

It looks like the Democrat’s, or moderate / non-Tea party Republican’s, policies will prevail no matter the outcome of election
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But what if that schedule is wrong? What if that third forcing issue—hitting the statutory debt limit—does not happen until sometime in the first quarter of 2013? That is increasingly likely, say the folks who watch this sort of thing. And it would completely change the politics of the coming …