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Wednesday, August 03, 2011

The Debt "Deal" II 

So, all over the media yesterday and this morning are comments, headlines and assertions that the "Tea Party won", that it "permanently changed the conversation" and that "from now on there'll never be an increase in the debt limit that doesn't involve deficit reduction".

OK, so how come it doesn't feel like the powers of light won?

How come both Obama and Chuckie Schumer both stated yesterday that now we've put the debt limit fight behind us, we can get back to the business of "investing" in new infrastructure, training, education, etc. ad nauseam. Doesn't sound like the conversation changed much to me.

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