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  • At the end of this year, no matter how the presidential election turns out, the two parties will face yet another Armageddon moment in the fight over debt and spending; this time, if they do not settle on a plan to rein in the nation's nearly $16 trillion debt, then a series of onerous budget cuts -- worth about $1.2 trillion over 10 years, divided between defense and other programs -- will automat
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