Saturday, October 19, 2013

Paul Krugman: The Damage Done

The government is reopening, and we didn’t default on our debt. Happy days are here again, right?

Well, no. For one thing, Congress has only voted in a temporary fix, and we could find ourselves
going through it all over again in a few months. You may say that Republicans would be crazy to
provoke another confrontation. But they were crazy to provoke this one, so why assume that
they’ve learned their lesson?

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