The Debt Ceiling Deal UPDATE | Arkansas Blog

Monday, August 1, 2011

The Debt Ceiling Deal UPDATE

Posted By on Mon, Aug 1, 2011 at 8:37 AM

With a debt deal finally reached and a Senate vote expected later this afternoon, MSNBC does some Monday Morning quarterbacking and runs down the winners and losers as the debt ceiling debate winds down. The Republican front-runner Romney hasn't said word one about the crisis or how he would have handled it. This will come back to bite him once the campaign kicks into gear.

Also, the Washington Post has a "Who got what?" graphic to help sort through all the talk.

Paul Krugman calls the deal a "disaster."

UPDATE: Romney breaks his silence. He says he's opposed to the debt deal reached last night.

UPDATE II: The debt ceiling fight got close enough to the edge of the cliff that it's even got some Republicans taking stock of the radicals that have bulldozed the conservative moderates out of the GOP. Here's former George W. Bush aide David Frum on his party's looming Teabagger hangover: "In their passion, Republicans convinced themselves that the constitutional republic and the free-enterprise system were threatened as never before. Their response? To threaten to blow up the free-enterprise system and wreck the republic unless they gained their point. Republicans have become so gripped by pessimism and panic that they feel they have nothing to lose by rushing into a catastrophe now. But there is a lot to lose, and in these past weeks America nearly lost it. Let's hope that as America steps back from the brink, Republicans remember that it's their job to protect the system, not to smash the system in hopes of building something better from the ruins."

At last, a voice of reason is heard from the Right. We were beginning to think there weren't any of those left.

Tags: , , , ,

From the ArkTimes store

Favorite

Comments (35)

Showing 1-35 of 35

Add a comment

 
Subscribe to this thread:
Showing 1-35 of 35

Add a comment

More by Gerard Matthews

Readers also liked…

Most Shared

  • A mayor stands up against freeway widening. No. Not in Little Rock.

    Another booming city, Indianapolis, fights ever wider urban freeways. Meanwhile, back in Little Rock .....
  • In the margins

    A rediscovered violin concerto brings an oft-forgotten composer into the limelight.
  • Donald Trump is historically unpopular — and not necessarily where you think

    My colleagues John Ray and Jesse Bacon and I estimate, in the first analysis of its kind for the 2018 election season, that the president's waning popularity isn't limited to coastal cities and states. The erosion of his electoral coalition has spread to The Natural State, extending far beyond the college towns and urban centers that voted for Hillary Clinton in 2016. From El Dorado to Sherwood, Fayetteville to Hot Springs, the president's approval rating is waning.
  • Arkansans join House vote to gut Americans with Disabilities Act

    Despite fierce protests from disabled people, the U.S. House voted today, mostly on party lines, to make it harder to sue businesses for violating the Americans with Disabilities Act. Of course Arkansas congressmen were on the wrong side.

Most Recent Comments

  • Re: The assault weapon open line

    • "Americans Mark Second Straight President's Day Without One."--Andy Borowitz "It is unfair that Trump has…

    • on February 17, 2018
  • Re: A common-sense gun measure draws no sponsors from Arkansas

    • If mental health problems were slaughtering everyone other countries would have the same problem but…

    • on February 17, 2018
  • Re: An open line to end the week

    • Mag--if you copied your post from and earlier thread, it doesn't contain the full link…

    • on February 17, 2018
 

© 2018 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation