James Taranto of the Wall Street Journal’s “Best of the Web, Today” talks about the other side of civility government, reviewing yesterday’s talking point that Republicans are terrorists when it comes to the debt ceiling.
He also may have picked up on the next talking point. I heard similar talk from a doc tonight, who (just before telling me that no one needs to earn more than $500,000 a year and that the rest should be taxed away) claims to have been a “conservative Republican” until recently. It seems that the Republicans have been creating “fear” about the failure of the Government.
“Now He Tells Us”
Former Enron adviser Paul Krugman weighed in late yesterday morning against the debt compromise:
What about the catastrophe that would result? Several thoughts.
First, what I keep hearing from people who should know is that Treasury won’t actually run out of cash tomorrow, that it still has a few more days.
Second, the people who claim that terrible things would immediately happen in the markets also claimed that there would be a big relief rally once a deal was struck. Not so much: the Dow is down 121 right now.
Third, the idea that a temporary disruption would permanently damage faith in US institutions now seems moot; if you haven’t already lost faith in US institutions, you’re not paying attention.
Isn’t his position the same as Michele Bachmann’s?