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One silver lining of the shutdown: it makes a debt default less likely

Posted by Brian (aka trav007) Oct 1 '13, 07:39

I think Ezra Klein has it right:

"This gets to the upside of Washington's epic fail. Boehner's initial plan was to hold some of these negotiating positions -- like delaying Obamacare or delaying the mandate -- in reserve in order to increase his leverage on the debt ceiling. But he folded on all of them last night. Now Republicans have already proven that they will back off their core demands and retreat to face-saving measures when consequences loom -- and they're about to face the extended pain of a government shutdown. For that reason, a default is a bit less likely today than it was yesterday."

Congress is dead, Obamacare is alive (www.washingtonpost.com)

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- *ding* -- nm - znufrii Oct 1, 07:43

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One silver lining of the shutdown: it makes a debt default less likely

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