re: It’s Not Where You Are But Where You’re Going
Fred, I generally agree with the sentiment concerning certain people who never seem to be satisfied by anything. I know a lot of activists were against any debt ceiling increase at all, and are mad as hell about the vote. I think their expectations are entirely too high. (Even the Ryan budget, as controversial as it is, wouldn’t balance the budget for a good long time.)
But with this particular debt deal, the fact that we still got an S&P credit downgrade tells me that we really should have done a lot better. A compromise that doesn’t actually get the job done isn’t worth much. If your car is careening towards a cliff, and you know that you must depress the brake 60% in order to avoid falling off, the debate among the other passengers in the car about whether to depress the brake 30% or 40% is sort of irrelevant. At some point you need to consider the possibility of pulling the emergency brake on your own and hoping for the best.
So it’s at least an open question in my mind as to whether it would have been better to have the deal we ended up with, or whether it would have been better to force a government shutdown in order to get a better one.