Everything You Need to Know About the Twisted, Dangerous Debt Ceiling Fight

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News reports hold that President Obama scored a political victory by agreeing to put Medicare and Social Security on the chopping block to achieve a "go-big" $4 trillion deficit reduction. Speaker Boehner had to concede that Republicans won't vote for any package that includes tax increases -- and the deal died. So the gambit worked and the President emerged with a solid image as the alpha deficit hawk.

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