The good news — and it is very good news — is that Congress seems to have finally struck a deal that would reopen the government and dodge a debt default. In doing so, lawmakers have avoided (at least for now) a crisis of their own creation that would have tipped the country into recession, caused substantial job losses, and further eroded America’s global standing — all of which would have also undermined national security.
Yet the good news is not the result of a visionary solution that reconciles, even in a limited fashion, material differences of views on the size and scope of government; nor does it fundamentally realign political incentives in a constructive manner.
What emerged from Congress on Wednesday speaks to stop-gap measures born of exhaustion and political miscalculations, and prompted by national (and global) outrage.
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