The debt debate is far from over
Labor Day kicks off the football season, the presidential primary season and the unemployment posturing season — all of which jostle for prime-time attention. The one with cheerleaders may be the most dignified of the lot, but at least we have the summer's depressing debt debate behind us.
Except that we don't. President Obama only avoided another debt-limit conflict before the presidential election by accepting what has been called a "sword" hanging over each party's head, a "neutron bomb" about to explode, a "suicide mechanism to force governing," a "grenade" with its pin pulled. The congressional deficit-reduction supercommittee is evidently so powerful that it has suspended the rule against violent imagery in politics. Its existence guarantees that the debt debate will reconsume American politics by the end of the year — forcing Obama and congressional Republicans to make early choices that will condition the outcome of the 2012 election.
Read full article >>
--
Source: http://feeds.washingtonpost.com/click.phdo?i=920893c0179aba8ac949de42bf16155c
~
Manage subscription | Powered by rssforward.com
