The Wall Street Journal Tells Repukes--"It's time to wrap up this comedy of political errors"
The Debt Denouement
It's time to wrap up this comedy of political errors.
The Beltway budget melodrama rolls on to its predictable and dreary end, with both sides now split over increasingly small differences. None of this is worth a partial government shutdown, much less the risk of a debt default, and both sides are looking like losers. Let's get it over with.
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This is the quality of thinking—or lack thereof—that has afflicted many GOP conservatives from the beginning of this budget showdown. They picked a goal they couldn't achieve in trying to defund ObamaCare from one House of Congress, and then they picked a means they couldn't sustain politically by pursuing a long government shutdown and threatening to blow through the debt limit.
President Obama called their bluff, no doubt in part to blame the disruption on the GOP and further tarnish the party's public image. Now the most Republicans will get out of this is lower public approval and a chance to negotiate with Mr. Obama again before the next debt-limit deadline. If the Senate passes its compromise, Mr. Boehner will have little choice other than to bring it to the floor and let it pass with votes from either party. Mr. Obama will have to deliver enough Democratic votes to pass it.
http://online.wsj.com/news/articles/SB10001424052702304561004579137791687537388
http://online.wsj.com/news/articles/SB10001424052702304561004579137791687537388
