Thursday Morning Open Thread
Matt Yglesias:
The strange thing about the “super committee” process is that it’s been clear from the beginning that the Democrats will end up surrendering one way or the other. That’s because of the way the “trigger” has been structured. The automatic cuts are supposed to be evenly divided between domestic programs that Democrats want to protect and defense programs that Republicans want to protect, but Democrats also favor protecting those defense programs. [. . .] That means Democrats have merely re-created the original debt ceiling problem for themselves. They don’t want to agree to an all-cuts deficit reduction, but they really don’t want to experience the alternative.
You don't say.
Open Thread.
< Wednesday Night Open Thread | More On The Deficit "Bargaining" > |