Monday, September 30, 2013

Recommended Reading

At this point it's looking like the once-unthinkable notion of a government shutdown is now an inevitability, and even then it's merely preamble to the once-unthinkable notion of a debt default, which is becoming a very real possibility just a few weeks down the road. These are tenuous times we're in, and as Paul Krugman explains, it's our own damned fault:
No sane political system would run this kind of risk. But we don’t have a sane political system; we have a system in which a substantial number of Republicans believe that they can force President Obama to cancel health reform by threatening a government shutdown, a debt default, or both, and in which Republican leaders who know better are afraid to level with the party’s delusional wing. For they are delusional, about both the economics and the politics.
Read the rest here.

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