31 July 2011

It Looks Like There is a Debt Limit Deal

And it looks like it sucks.

I'm still digesting it, but it appears mandate cuts, and not taxes, and it gives the Republicans to pivot away from their disastrous vote to kill Medicare, and accuse Democrats of doing the same.

I guess that's what serves as bipartisanship in Obama's mind.

About the only bright spot is the possibility that House Democrats may desert this bill en mass, which has the possibility of changing the dynamic in a positive way.

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