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The recurring farce of lifting the US government debt ceiling began again this week. As total debt surpasses $31.4 trillion – the current statutory limit – the Treasury is undertaking a series of bookkeeping maneuvers to disguise new borrowing and keep the government operating. At some point…

The recurring farce of lifting the US government debt ceiling began again this week. As total debt surpasses $31.4 trillion – the current statutory limit – the Treasury is undertaking a series of bookkeeping maneuvers to disguise new borrowing and keep the government operating. At some point…