Deficit reduction still a devil deal

Imagine a C-SPAN version of “Margin Call” set against a trans-Atlantic debt crisis, with Italy’s Silvio Berlusconi on one shore, the hard-charging Grover Norquist on the other and an entire nation of aging baby boomers worried about their 401(k)s.

That’s a little what it’s like these days in Congress as Nov. 23 approaches and with it the devil’s bargain made last August when Washington pushed the nation to the brink of default and then created an Armageddon for itself if lawmakers fail to come up with a $1.2 trillion deficit-reduction plan by Thanksgiving.

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