I was afraid you might have meant it that way.
My view is that they won something here- though not much.
The bill would have been even worse without them, heck the debt limit would have been raised automatically!
No deal, no debate, business as usual...
I don’t know what more they could have done with their numbers. Even a blank-check ‘clean’ debt ceiling raise could have been passed despite them.
That they’ve come out so well positioned politically, and their enemies not-so-well, is only a bad thing if they lose their message.
When this debt deal runs out in two years, our privately held national debt will be 9.4+2.5= $11.9T. Assuming there is 2% GDP growth between now and then, our Debt to GDP ratio will be 11.9/14.8= 80%. Economies start to permanently fail when it goes over 90%. If we have a recession (likely) or Obama is reelected (unlikely), with this plan, our economy will start a death spiral.
I appreciate the note of optimism but I don’t think moral victories are enough.
Well, except for one thing. We’re on to them. All of them.