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Raucous Caucus talks national debt threshold this week, as Tom Cushing questions presidential policy on debt payments and avoiding the fiscal cliff.

"If the President is to succeed with his 'let's be adults and do the nation's business' strategy, he will have to stay Way out in-front on this issue, maintaining its framing as above, and not allowing Messrs. McConnell and Boehner to conflate Past spending we owe and Future spending we don't owe in the public perception as they are busily trying to do," Cushing writes.

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