A short but spot-on (and discouraging) piece by Krugman: "In the short run the point is that Republican leaders are about to reap the whirlwind, because they haven’t had the courage to tell the base that Obamacare is here to stay, that the sequester is in fact intolerable, and that in general they have at least for now lost the war over the shape of American society. As a result, we’re looking at many drama-filled months, with a high probability of government shutdowns and even debt defaults."
Posted on: Fri, 02 Aug 2013 13:57:45 +0000
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