The Centrist Cop-Out - NYTimes.com

The Centrist Cop-Out | Paul Krugman (The New York Times)
►http://www.nytimes.com/2011/07/29/opinion/krugman-the-centrist-cop-out.html?hp

The facts of the crisis over the debt ceiling aren’t complicated. Republicans have, in effect, taken America hostage, threatening to undermine the economy and disrupt the essential business of government unless they get policy concessions they would never have been able to enact through legislation. And Democrats — who would have been justified in rejecting this extortion altogether — have, in fact, gone a long way toward meeting those Republican demands.

The Centrist Cop-Out | Paul Krugman (The New York Times)
►http://www.nytimes.com/2011/07/29/opinion/krugman-the-centrist-cop-out.html

The facts of the crisis over the debt ceiling aren’t complicated. Republicans have, in effect, taken America hostage, threatening to undermine the economy and disrupt the essential business of government unless they get policy concessions they would never have been able to enact through legislation. And Democrats — who would have been justified in rejecting this extortion altogether — have, in fact, gone a long way toward meeting those Republican demands.