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Sunday, December 11, 2016

WASHINGTON — Here is a surefire way to cut $7.1 trillion from the deficit over the next decade. Do nothing.

That’s right. If Congress simply fails to act between now and Jan. 1, 2013, the tax cuts passed under President George W. Bush expire, $1.2 trillion in additional budget cuts go through under the terms of last summer’s debt ceiling deal, and a variety of other tax cuts also go away.