Wednesday, 3 August 2011

A Hold-Your-Nose Deal

Eugene Robinson, Washington Post
WASHINGTON -- It's supremely galling. It's unbalanced, unfair and mostly unwise. For President Obama and the Democratic Party, it's a comprehensive defeat. But it's not the end of the world.The deal struck Sunday to free the U.S. economy from its Republican hostage-takers is impossible for progressives to love. It gets all the big things wrong, starting with the most fundamental: Obama never should have acquiesced in linking a routine hike in the debt ceiling -- necessary to pay bills Congress has already incurred -- with all the difficult spending questions that should be...

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