Budget Compromise a Bad Deal for Democrats, American Economy
Man of the hour, Speaker John Boehner (via Daylife.com)
While Republicans may have fallen short of their intended cuts in the deal struck last night between Speaker of the House John Boehner and congressional Democrats, it was a worse deal for Democrats. More importantly, it was a bad deal for the American people and the American economy, still struggling to recover from the crash of 2008 and the housing crisis. Ezra Klein notes the peculiar nature of the deal:
In the end, the real negotiation was not between the Republicans and the Democrats, or even the Republicans and the White House. It was between John Boehner and the conservative wing of his party. And once that became clear, it turned out that Boehner’s original offer wasn’t even in the