Default Averted, Everyone Still Pissed
President Obama signed the bill to raise the debt ceiling today, avoiding a potentially catastrophic blow to the United States economy. In the process, however, he had to sign off on a $2 trillion deficit reduction plan his own party thinks is too drastic and Republicans think isn't drastic enough. Politics is the great art of disappointment.
Alan Simpson and Erskine Bowles Try to Scare America Into Doing Something About the Deficit. - by Annie Lowrey
Wonkish, crotchety, and mostly bald, the co-chairs of President Obama's National Commission on Fiscal Responsibility and Reform want you to care about the deficit the way cable television wants you to care about pedophiles.