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Any president who tries to put our fiscal house in order will have to take responsibility for the Mother of All Deflations. No candidate is ready to inflict the pain associated with that, even if it led to a healthier economy in the long run (when we're all dead). Neither of the two candidates in the 2024 presidential race is ready for that. This election won't resolve that question. But the choice in November should be easy: Adequate vs. unqualified.

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