Former leading policymakers shared how they saw the debt ceiling impasse. Among them, Democrat Arlen Specter said he would reserve invoking the 14th Amendment as a last ditch solution. Republican David Stockman said the crisis is in the debt, not the ceiling: Republican tax increase position is preposterous; we are collecting less than 15% of GDP in taxes, the lowest since 1950, and spending 24% of GDP.
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