“The joke re the original $38.5 billion deal was that, in the time it took to negotiate it, we added as much again in new debt (we’re borrowing about $4 billion a day). … At some point, you have to close a cabinet department just to show you’re serious. Instead, the governing class is sending the message that the political institutions of the United States are so diseased they do not permit meaningful course correction.”
How to Tell When They Get Serious About Deficit Reduction
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